In today’s world, most organizations are constantly looking at ways to maximize their sourcing efficiencies and reduce procurement costs –not just by lowering purchase costs, but also considering overall business requirements, elements of risk and really evaluating Total Cost of Ownership (TCO). This approach is really what makes strategic sourcing very comprehensive and makes it more effective than the traditional attempt to just push down purchase costs.
Strategic sourcing also provides for continuous improvement and re-evaluation of purchasing activities of organizations with high volume purchases from suppliers across the globe.
We provide comprehensive sourcing support to organizations looking at establishing a higher level of focus on their strategic sourcing initiatives. We also support tactical sourcing functions, such as alternate supplier identification or evaluating equivalent alternate part options. Many of our clients are from asset-intensive industries, which means that the MRO items they purchase are mission-critical and need to be available on-demand, procured at optimal cost and not overstocked.
Our cross-functional team has experience sourcing all MRO commodities, as well as industrial goods, from across the globe including the US, Canada, Europe, and Asia. Having worked with multiple industries, such as mining, pharmaceuticals, food and beverages, oil and gas, and chemicals/petrochemicals, our team has a rich understanding of the various commodities, as well as the supply base. We have enabled clients to achieve competitive advantages like cost reduction, new technology adaption, quality improvement and decreased delivery cycle time.
Our sourcing experts will provide insights into various parameters to improve your sourcing capabilities.
With all the right insights and skills, we ensure you can source high quality items, at the ideal price and at the right time.
Our alternate sourcing strategy blends the client’s MRO supply chain goals with key strategic sourcing initiatives. We have over two decades experience leveraging analytics based sourcing methodologies, to enable clients to reduce procurement costs, mitigate risks and improve supply chain reliability.Read More about Alternate Sourcing
Low cost country sourcing (LCCS) is the procurement strategy in which a company sources materials from countries with lower labour and production costs in order to cut operating expenses. LCCS falls under a broad category of procurement efforts called global sourcing.Read More about Low Cost Country Sourcing
Strategic sourcing is a holistic approach to managing spend across categories, with the goal of minimizing Total Cost of Ownership (TCO), while reducing supply chain risks, improving analytics and ensuring a continuous improvement in alignment of purchasing strategy to business goals.Read More about Strategic Sourcing FAQs