Sourcing Strategy

An erroneous sourcing strategy can spell doom for a company. Not only does it mean that you might not get the highest standard of work but you might also end up spending large costs. We aspire to connect with you in the pursuit of a strong and reliable sourcing strategy. We start off by diagnosing your company’s current spending pattern and that is followed up by supplier market assessment. With a detailed supplier survey, we deliver the sourcing strategy to the customers.

To develop an effective sourcing strategy for our clients, we perform an objective assessment of the existing environment. Additionally, we also understand the future business goals of the client. This is a good starting point for a successful project. Our exhaustive experience and state of the art toolsets are used strategically in the service. We help our clients analyse their needs, effectively identify opportunities, reduce risks and quantify the value that the new strategy can deliver. This is the reason why we manage to deliver successful results to companies with all types of sourcing models.

Our thoroughly planned and tested process assists us during every phase of the project. following is a brief description of the various stages in the process :

Your sourcing strategy is immensely influenced by your existing spending pattern. Therefore we closely analyse your previous spending trends and divide all your expenses into categories.

Another essential part of the sourcing strategy is to identify prospective vendors. Having one reliable vendor is good but the most secure option is to have a list of vendors who can step in at the time of need. We strive to understand the dynamics of the vendor market and build a plan to rope in the most sought after suppliers.

We regularly survey the performance of the suppliers. This way, we know how the vendors have performed with our client company and other companies in the recent past.

This is generally a combination of all logical previous steps. After due deligence on each steps effectively, we build the strategy to move forward. This is the final deliverable of the project to our customers.

After the strategy has been developed, we insist our customers to offer feedback for our performance. We want to find out if we managed to achieve the objective that we had set out with.

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