Strategic Sourcing and Procurement
Strategic sourcing is all about the process by which organizations procure goods and services and manage key parts of their supply chain. Effectively managing what, how many, and from whom you buy can have a dramatic impact on overall profitability. That’s why strategic sourcing and procurement can have such a big impact.
For more than 20 years, Carpedia has helped companies transform their strategic sourcing process, reduce associated costs, and improve service reliability and delivery performance.
Delivering Improved Performance
After we gain a thorough understanding of your existing inventory, procurement, and vendor management processes, we help you evaluate your strategic procurement options for improved performance. Working with your management team, we typically identify opportunities in one or more of the following areas:
- Procurement order management processes
- Alternate sourcing and price negotiation
- Vendor consolidation and management
- Inventory management and lot sizing
- Business unit coordination and demand management