Sourcing and Procurement Consultancy Services

Sourcing & Procurement Services Including the Following:

  • Preparing Standard Operation Procedures
  • Outsourcing Recommendation where applicable
  • Reduce Operation Cost
  • Procedure and System Improvement
  • Development and Implementation of Supplier Development Program (SDP)
  • Inventory Optimization
  • Supply Chain Audits

Sourcing Services

  • Market Research: Identifying potential suppliers and analyzing market trends.
  • Supplier Identification: Finding and qualifying suppliers that meet specific requirements.
  • RFI/RFP Management: Managing the request for information (RFI) and request for proposal (RFP) processes.
  • Supplier Evaluation: Assessing suppliers’ capabilities, quality, and reliability.

Procurement Services

  • Contract Negotiation: Negotiating terms with suppliers to achieve best prices and terms.
  • Purchase Order Management: Managing POs, including creation, tracking, and closure.
  • Inventory Management: Managing inventory levels, including storage, handling, and logistics.
  • Supplier Relationship Management: Building and maintaining relationships with suppliers to ensure quality and reliability.

Strategic Procurement Services

  • Category Management: Analyzing and optimizing procurement categories to achieve cost savings and improve quality.
  • Spend Analysis: Analyzing procurement data to identify areas for cost reduction and process improvement.
  • Supplier Diversity: Developing and implementing supplier diversity programs to promote inclusivity and fairness.
  • Risk Management: Identifying and mitigating procurement-related risks, such as supply chain disruptions and regulatory non-compliance.

Benefits of Sourcing and Procurement Services

  • Cost Savings: Achieving better prices and terms through effective negotiation and contract management.
  • Improved Quality: Ensuring that suppliers meet quality and reliability standards.
  • Increased Efficiency: Streamlining procurement processes and reducing administrative burdens.
  • Reduced Risk: Mitigating procurement-related risks and ensuring compliance with regulations.