Strategic Sourcing - Planning and Management
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Excellence in Sourcing Strategy
Procurement Consulting that rapidly improves the bottom line
Gain a competitive edge through our strategic sourcing expertise. We help you secure high-quality goods and services at the best prices, fostering resilience and reliability in your supply chain.
Consulting services
Strategic Sourcing
Strategy Effectiveness Assessment
Best Practice Procurement begins by collaboratively understanding your business goals and evaluating current supplier relationships for strategic alignment.
We evaluate your existing supplier relationships, identifying strengths and areas for improvement.
We will scrutinize the strategic sourcing plans to evaluate their alignment with organizational goals and market dynamics.
This includes assessing supplier relationships, procurement cycles, and the overall effectiveness of sourcing strategies in meeting business objectives.
Market Analysis and Sourcing Strategy
We conduct an in-depth analysis of market trends, industry trends, competitive landscape, inflationary pressures, cultural dynamic and consumer preferences.
We assist you in identifying growth opportunities, potential threats, and areas for product/service differentiation.
We then craft a tailor-made strategic sourcing plan integrating innovative practices, aligned with your business objectives.
Your plan will provide guidelines and procedures to implement the sourcing strategy.
Sourcing Strategy Implementation
Best Practice Procurement will work closely with your team to project manage the implementation of the strategic sourcing plan.
BPP will integrate industry best practices into the design of the sourcing management system, including bidder selection and qualification, ranking and reviewing bid results, managing shortlisting, final negotiations / contracting processes that enhances overall efficiency.
BPP will work with you to your team to optimize procurement workflows within the sourcing management system. This includes streamlining approval processes, automating routine tasks, and enhancing overall efficiency.
Sustainable Sourcing Strategy
Our consultants will assist the team in implementing robust performance monitoring and reporting mechanisms within the sourcing management system.
This involves setting up key performance indicators (KPIs) for ongoing monitoring, ensuring measurable success, and implement a feedback loop for adaptive strategies, keeping your sourcing practices dynamic and efficient.
Finally, we Identify and mitigate risks collaboratively, establishing contingency plans for a resilient supply chain.
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