Strategic Sourcing
Where Category Management sets vision and strategy for the category, Strategic Sourcing is the execution of the opportunities identified through the Category Management process.
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Our six sigma based strategic sourcing process provides a holistic approach to sourcing, driving much needed cost savings but also aligning with business needs and improving performance across Delivery, Quality, Service and Innovation. We do not “scorch the earth” and negatively impact the non-costs aspects of a category. Our holistic approach drives business stakeholder buy-in, ensures sustainable value is delivered and enables knowledge transfer on world class sourcing.
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Depending on the category need, we use a variety of sourcing strategies that can be pursued independently or as a layered approach to drive value:
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Volume leveraging - Aggregation of goods/services into fewer suppliers
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Focused Renegotiation - Improve aspects of the business requirements and negotiate directly
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Demand Management - Address internal specifications and policies to improve performance
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Joint Process Improvements - Opportunities to standardize/streamline business process
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Strategic Relationships - Sharing information and collaborating to further each company's goals