What is Strategic Sourcing?
Strategic Sourcing is a process to drive cost savings, to identify and mitigate potential risks of all spend categories, through optimum products / services / suppliers selection, negotiation and contracting process.
Strategic Sourcing
Strategic Sourcing
EMPTUM SOLUTIONS CONSULTING
Our Sourcing process
We start with a detailed analysis across the whole company’s spend to ensure that our strategies and future negotiations are driven based on accurate data. Afterwards, we will set a roadmap with specific action plans to implement strategy.
We will, in collaboration with your team, build and manage RFQ/RFP documentation and process to support agreed strategy.
We establish category cost baselines, identify total cost breakdowns, and analyze the current and potential supplier markets (incumbent and potential new entrant).
We provide supplier quotation evaluation based on agreed KPIs measurement tools and will suggest strategic recommendations for review, set and agree on negotiation strategy with your team. We will support you in completing negotiations and closing deals while continuing to assess purchasing activity and performance to deliver long-term, sustainable and measurable savings.
We also set a steps by steps action roadmap to ensure successful implementation to capitalize on all estimated cost savings.
What will you gain?
Improving efficiency by creating a strong and various supply base.
We enhance procurement operations with your team and stakeholders.
We work on involving other stakeholders at all phases of the process. Our service develops a valuable collaboration with all functions within the organization, which is a more strategic procurement approach.
This methodological approach delivers long-term, sustainable and measurable savings that will improve your company bottom line.
Let's get to work together
Feel free to reach out and contact us for more information on what you can expect. Talk with an expert!