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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.
Send us an email or call us to discuss how Establish can improve your procurement organization.
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