Determining the least cost procurement strategy requires careful balancing of your needs against the offerings of each potential vendor. Supplier capabilities, capacities, product or service features, quality, pricing, bundling, and discount structures are just some of the factors that you have to balance against your dynamic needs. How do you empower your procurement specialists with tools that can lower your total sourcing costs while meeting the needs of functional and business unit managers?
SmartSOURCE from Strategic Systems can help you considerably reduce your spend. Our experience with clients indicates that you can often reduce your procurement costs by 5% to 15% – resulting in a significant increase in profit margins. SmartSOURCE considers all supplier characteristics, matches them against your requirements, and recommends the least cost sourcing plan. With SmartSOURCE you can negotiate the best long term contracts, and then optimize daily, weekly, and monthly procurement to realize the negotiated benefits. |
- Minimizes cost of procuring materials and services across key spend categories
- Helps identify strategic suppliers and negotiate optimal terms and contracts
- Helps evaluate supplier proposals and build counter proposals that meet objectives
- Recommends optimal procurement volumes, by supplier, product/service, and time period
- Simultaneously optimizes on supplier capabilities, capacities, pricing, logistics, and other criteria
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