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The core objective of the center-led procurement organization is to drive a
sustainable competitive advantage through an enterprise-wide focus on
leveraging spend as a strategic asset. Via a customer-centric approach, the
center-led procurement organization acts as a trusted and knowledgeable
business partner to facilitate supply market decisions for delivering services that
increase business value, mitigate risk, and support the company’s dedication to
clients.
From the end of 2015 through 2016 year-to-date, Cushman & Wakefield has made
significant strides in reducing total cost of ownership, diversifying its supplier
database, improving supplier performance, and ensuring the utmost standards of
ethical conduct. Some specific improvements include the following.
SUPPLY CHAIN MANAGEMENT
Cushman & Wakefield has implemented both global and regional contracts and
supplier partnerships which resulted in millions of dollars in cost reduction, while
also reducing the size and complexity of the supply base. This also improved the
efficiency of those purchasing goods or services on behalf of the organization.
SUPPLIER DIVERSITY
Cushman & Wakefield is committed to providing qualified diverse suppliers with
opportunities to deliver goods and services to us in areas where we conduct
business. Our Integrated Facilities Management service line also assists clients
with vastly differing diversity requirements — some have aggressive goals
exceeding 30%, others have no formal program at all. Some of our service lines
have developed a technology tool to assist diverse suppliers in self–registration,
and our client teams can access that tool when looking to supplement their mix
of MBE/WBE suppliers. We are also actively looking at expanding that tool on a
global scale and across all lines of business.
GOALS
Cushman & Wakefield has embarked on a procurement transformation to help
improve our overall sustainability, quality, and value. We have completed an
assessment of our current state across policies, process, people, and tools, and
partnered with a leading procurement consultancy to overlay industry best
practices. The firm now has a defined roadmap and list of initiatives which we will
execute over the next 18 months to ensure continual improvement in all aspects
of procurement.
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PROCUREMENT