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Efficio Nordics

About Efficio Nordics

Efficio’s experts work with clients in the Nordics to identify, deliver and sustain improvement opportunities in procurement. At the same time, we transform your capabilities in order to sustain these improvements for the long term. We have built a reputation as The Procurement Experts. Our expertise is evident in the breadth and depth of our capability, from strategic insight to execution, from indirect services to direct materials and Capex costs, and from focused consulting engagements to ongoing managed services.

We serve the Nordics from our Copenhagen office, and as a fully integrated global organisation we are able to mobilise our people quickly so that you get access to consultants with the right capabilities, experiences and sector insights – wherever and whenever you need them. Our international team combines unrivalled procurement expertise and industry experience with a unique blend of intellectual capital and our eFlow Procurement technology – a powerful mix that delivers outstanding results.

We are frequently recognised for the quality and impact of our work, including an award-winning Next Level Sourcing (NLS) programme for insurer Tryg.

Our expertise in numbers

13bn

Spend analysed

1.9bn

Spend sourced

1207

Negotiations held

16.5%

Savings

Challenges faced by our clients (mouse-over the panel for our solution)

Capability

Detailed understanding of local markets can be difficult to achieve. Often knowledge is restricted to a small group of experts, with limited access to their services. Businesses find it hard to access and afford resources with specific procurement and supply-chain expertise, resulting in unsatisfactory supplier negotiations and substandard commercial agreements.

Our solution

Our teams consist of doers and specialists rather than advisers and generalists. They are all highly capable and bring a complete procurement toolbox to the table, working in sync with stakeholders to deliver tangible results. Efficio's global reach and extensive local knowledge means we can field a team of experts with fluent language capabilities in any Nordic country.

Competitiveness

The Nordic market is mature in many sectors and there is constant pressure on businesses to improve competitiveness without compromising the bottom line. The knee-jerk reaction is often to start tinkering with sales levers, but this is rarely adequate. A more cost-efficient supply chain is critical in order for businesses to retain a competitive edge.

Our solution

With ten years' experience in the Nordics, experts within any spend category, direct or indirect, and a database of more than 10.000 benchmarks, we know what good looks like. You can trust us to unearth every procurement improvement opportunity and build a programme to realise quick wins and tackle the longer-term, more complex challenges.

Complexity

Big data is a hot topic on the management agenda and there is an increasing focus among Nordic companies on ensuring data visibility and robustness. However, the benefits of big data access rarely materialise as companies find themselves drowning in data points without developing the necessary analytical capability to deliver meaningful insight.

Our solution

We help you unlock the true potential of data through a detailed understanding of your objectives to define what needs to be tracked and analysed. We build powerful dashboards covering spend, savings and other KPIs to help you monitor risks and explore new scenarios. The result is better insight and streamlined decision-making to put you in control.

Agility

Nordic businesses are increasingly looking to respond more quickly to competitive change, political incentives, stricter legislative requirements and new trends. But they are often caught up in managing day-to-day operational tasks and lack the resources and capacity to take a more strategic approach that anticipates and mitigates future challenges.

Our solution

As Procurement experts we can help shape your long-term procurement vision while simultaneously boosting resources to accelerate short-term savings and opportunities. We focus on end-to-end procurement, giving you the agility to tackle the big challenges and close any capability or e-Procurement gaps, regardless of your sector of operation.

Insight

Which procurement trends will drive global markets in 2017?
Opinion
Which procurement trends will drive global markets in 2017?

Efficio’s experts highlight the latest procurement developments in the Nordics, Germany, Middle East and Africa, the UK and US, and outline the changes clients need to prepare for.

Why share of voice is essential to procurement success
Insight
Why share of voice is essential to procurement success

In an article first published by Procurement Leaders, Dappula Wijeyeratne discusses how to ensure success for your procurement strategy.

The future of automation in Procurement
Insight
The future of automation in Procurement

Efficio’s Nordic management team speak on how adaptability and a user-friendly interface are key for the successful implementation of e-Procurement platforms.

eSourcing: Why we changed our business to inspire yours
Digital
eSourcing: Why we changed our business to inspire yours

Moving away from the traditional ways of working, we have taken the bold step to automate parts of the procurement process by implementing bold new technology.

Risks of contract separation in financial services M&A
Insight
Risks of contract separation in financial services M&A

Untangling the supply chain of a financial institution as it undergoes a restructure is a hugely complex process

Negotiating your way to Procurement success
Guide
Negotiating your way to Procurement success

Reduce costs, and improve service and supplier satisfaction by changing mindsets and processes before and during negotiations.

Procurement: Five things PE firms should consider
Insight
Procurement: Five things PE firms should consider

Private Equity groups need to consider five things when addressing procurement: financials, organisation, cost reduction, approach and tools.

How Diageo built a 'One Procurement Community'
Spotlight
How Diageo built a 'One Procurement Community'

Former Diageo CPO Thibaut Eissautier talks of leveraging scale with local markets, recruiting a diverse workforce and building a single global procurement community.

Next Level Sourcing boosts profits for insurer Tryg
Case study
Next Level Sourcing boosts profits for insurer Tryg

Strategic procurement and improvements to internal processes led to significant cost savings for insurance firm Tryg.