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Strategic Sourcing
Our consultants utilize a proven methodology for sourcing that leads to consistent and sustainable results. The approach follows the step by step process below:
Understanding your demand-are you purchasing things you do not need? Can you eliminate some of the “extras” to save your organization money?
Understanding the competitive marketplace-do you know if the prices you are paying are the best you can get?
Designing the purchasing strategy- do you know when to use auctions? Request for proposals?
Analyzing supplier responses- do you collect enough information to make informed decisions when picking suppliers?
Negotiating with suppliers-are you getting the most out of your suppliers?
Implementing and monitoring-now that you have negotiated these great contracts, are you doing enough monitoring to ensure that supplier perform to the promised terms and conditions?
A logical and methodical process can enable procurement organizations to deliver savings time after time with each and every commodity or service.
Call us at 201-944-5580 to discuss how Establish can improve your procurement organization.
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