Strategic Sourcing

Strategic sourcing is the engine of procurement and the primary driver of cost savings. With expertise and processes developed through implementing strategic sourcing in more than 50 Fortune 500 organisations, our delivery teams help clients to design and execute programmes that accelerate savings delivery.

Although our responsibilities are customised to suit client needs, the strategic sourcing challenges that we typically support include:

• Developing opportunity analyses and cases for change
• Designing programmes and progress managing them
• Prioritising subcategories and building stakeholder support
• Coaching and facilitating subcategory project leaders
• Running reporting and review processes
• Measuring savings and other benefits
• Engaging stakeholders and building awareness

On most assignments, change management is an issue central to our clients’ success and our approach always takes into account the needs and objectives of stakeholders. This helps to build understanding and a strong “pull” for engagement, rather than the “push” of a procurement led agenda.

With a team of more than 40 sourcing professionals, we have the experience to deliver savings in most categories of direct and indirect expenditure. In the current climate, we have been increasingly asked to support transformational sourcing projects, where a number of subcategories are being reviewed simultaneously with related internal activities and costs. This holistic approach frequently results in breakthrough value delivery and radical changes to existing operating models.

Whatever the assignment type, we recognise that our clients need to deliver real savings to the bottom line and we work with finance and stakeholder teams to ensure the results can be counted.

For more information and further resources on Strategic Sourcing, please review our Insights & Briefings where a range of topical Insight Guides and magazine articles can be downloaded.