Source More Spend, See More Savings
Every procurement professional knows that delivering cost reductions starts with savings planning and a strategic approach to sourcing. But most companies don't have the range of expertise, information, and tools to effectively source all strategic and tactical buying categories. In fact, many purchases never get sourced at all. ICG Commerce experts can help you achieve results in new, typically under-managed categories and tactical processes while you focus your existing resources on improving savings in more strategic categories. Request more information about
Sourcing...
Strategic Sourcing: Experts and insight to improve your results
Our dedicated experts bring truly unique and valuable category expertise that goes well beyond sourcing know-how. By working day-in and day-out in their respective categories to help dozens of companies each year, they have extensive knowledge of the supply base and deep insights into pricing levels, market dynamics, and category-specific cost drivers. Our experts apply this insight along with the best sourcing strategy and an arsenal of tools and information to help companies achieve the best sourcing results.
Because our sourcing professionals know that one strategy does not fit the dynamic nature of all buying categories, they apply the right approach in each situation. Whether employing inter- and intra-company aggregation, reverse auctions, should-cost modeling, or traditional strategic sourcing strategies, our experts follow a fact-based process aimed at achieving optimal and implementable results.
To drive better results faster, our experts leverage an extensive inventory of tools and templates, including eSourcing technologies, data gathering and RFI templates, a comprehensive supplier database, and price benchmarks. Our category experts interact on a daily basis with our professional buyers, sharing real-time information about supplier performance, capabilities, contractual commitments, and transaction volumes to accelerate and improve sourcing results.
Tactical Sourcing: Maximizing savings for each and every purchase
Most companies wisely focus their resources on large recurring expenditures. However, 10 - 15% of most companies' procurement expenditures go toward infrequent purchases, where no preferred supply is established. ICG Commerce can help by providing tactical sourcing support-transaction-level supplier identification, competitive bid gathering and analysis-to help you not only maximize the spend under management but also ensure optimal pricing and terms for each and every purchase.
The benefits add up
ICG Commerce's proven sourcing capabilities will help you:
- Identify more savings across more categories
- Achieve the lowest total cost of ownership
- Identify the best suppliers to meet company and stakeholder requirements
- Better manage supply risk through allocation and optimization
- Establish fully developed and accepted agreements that can be implemented
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