Strategic Sourcing


Strategic Sourcing

 


 

Strategic sourcing is one of the key methods that companies are using to lower costs and improve quality. Strategic sourcing involves analyzing what products the company requires, reviewing the marketplace for those products, understanding the economics and usage of the supplier of those products, developing a procurement strategy, and establishing working relationships with the suppliers that are much more integrated than such relationships were in the past.

 

APAC has helped clients reduce purchasing costs by nearly 40% keeping in view supplier quality and performance. We do everything from identifying the best supply options from our territory of operation which covers all of Asia, Eastern Europe and South America, to negotiate the most competitive number possible, ensure quality and due diligence. Procurement and global sourcing can account for a significant overall cost making purchasing a strategic operation with a huge bottom-line impact. Organizations need to know how to use procurement as a competitive advantage in this global competition and increased risk of supply chain disruption.

 

Leveraging our research driven approach, procurement can be used as a strategic accelerator to achieve cost savings, product innovation, diversified risks, access to new markets and increased revenue. Our services are used as an automated supplier management solution for most of the global sourcing needs of our customers.

 

Through our extensive database and competitive intelligence, we create multiple supply options for every project to ensure uninterrupted supply even during supply shortages resulting in efficient and effective service level.