Strategic Sourcing Services
Strategic Sourcing service is a solution to drive savings of all spend categories through better supplier selection and reduced supply risk. It provides a strict and well-educated process for categories which steers savings and supplier service. These cost reduction programmes are strategic methodologies that bring success and sustainability.
Our Strategic Sourcing process
We start with a detailed analysis across the whole company’s spend to ensure that our strategies and tender negotiations are driven by real and recent data. Afterwards, we will set action plans to implement the new strategy.
Our team generates RFP documentation and tender contracts with the approaches and commercial models they represent.
We then look at current and potential suppliers to suggest the right strategy for each spend category.
We establish category cost baselines, identify total cost breakdowns, and analyze the current and potential supplier markets.
We look at the suitable methods for evaluating quotations and tenders, and we suggest proper strategies for each spending category, using the best tools and materials. We also set action steps to ensure the ultimate success of new strategies.
In addition, we set the negotiation strategies as we work closely with your team.
We also support you in completing negotiations and closing deals while continuing to assess purchasing activity and performance to deliver long-term, sustainable and measurable savings.
What will you gain?
It improves efficiency and quality 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 operation. Our service puts up with an administrative expense center and turns it into an adequately innovative and valuable collaborator to many other functions within the organization, which is a more strategic procurement strategy.
We also provide and guarantee transferring skills and knowledge to your team and coaching them.
Working closely with your team, we will set action plans to implement the new strategy to ensure ultimate success. Our extensive experience in the GCC procurement landscape across multiple categories and sectors informs our sourcing strategies. Our support extends through finalizing negotiations and closing deals while continuing to assess purchasing activity and performance in light of the rapidly shifting business environment. This methodological approach delivers long-term, sustainable and measurable savings that show up in the bottom line.
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