2. Gaining 1
1
Visibility
through
Spend Analysis
G a in in g d e e p in s ig h t in t o s p e n d a c r o s s
v a r io u s b u s in e s s s e g m e n t s , d e p a r t m e n t s
a n d s u p p lie r s .
C a t e g o r iz in g m a p p in g a n d p r io r it iz in g e a c h
s p e n d e le m e n t in o r d e r t o id e n t if y g a p s
w h e r e in s a v in g s c a n b e o b t a in e d t h r o u g h
o p t im u m u t ilit y .
3. 2
1
Analyzing
Opportunities
A c o m p le t e 3 6 0 ˚ v ie w o f e x p e n d it u r e
e n a b le s y o u t o r e c o g n iz e o p p o r t u n it ie s
w h e r e s a v in g s c a n b e a c h ie v e d . A b a la n c e d
a p p r o a c h t o w a r d s s p e n d c a n b r in g a b o u t
h u g e s a v in g s o n s u s t a in a b le b a s is
4. 3
1
Analyzing
Markets &
Suppliers
R a n k in g v e n d o r s o n v a r io u s p a r a m e t e r s
a n d a n a ly z in g m a r k e t t r e n d s a n d p a t t e r n s
h e lp s y o u g a in in s ig h t in t o t h e m a r k e t
d r iv e r s .
V e n d o r a s s e s s m e n t a n d r e a l-t im e r e v e r s e
a u c t io n h e lp s s e c u r e o p t im u m p r o d u c t s a t
m a r k e t d r iv e n c o m p e t it iv e p r ic e s .
5. 4
1
Standardization
D e f in in g p r o d u c t s p e c if ic a t io n s m in u t e ly
a n d s e t t in g u p w e ll-d e f in e d v e n d o r e lig ib ilit y
c r it e r ia ' s h e lp s a c h ie v in g s t a n d a r d iz e d a n d
e t h ic a l s o u r c in g .
W o r k in g c lo s e ly w it h t h e u s e r s o f t h e
p r o d u c t s a n d o t h e r s t a k e h o ld e r s w ill h e lp
y o u d e f in e n o t o n ly t h e p r o d u c t
s p e c if ic a t io n s b u t a ls o t h e e x a c t u s a g e
b a s e d o n w h ic h t h e s u p p lie r s c a n b e
c o m f o r t a b le in c o m p e t in g a n d p r o v id in g
o p t im a l p r o d u c t s .
6. 5
1
Flexibility
F le x ib ilit y w h ile s e e k in g in f o r m a t io n f r o m
s u p p lie r s a n d b e in g o p e n t o w a r d s
in n o v a t iv e p r o d u c t s c a n h e lp y o u t o
in n o v a t e in t h e p r o d u c t a n d s e r v ic e y o u
d e liv e r t o y o u r c lie n t s .
F le x ib ilit y in s o u r c in g le a d s y o u t o
in n o v a t iv e p r o d u c t s , n e w s u p p lie r s a n d
f u t u r e p r o d u c t s w h ic h in t u r n c a n b r in g y o u
s a v in g s a n d a c o m p e t it iv e e d g e in t h e lo n g
run.
7. 6
1
Optimize
Suppliers
P o s t B id E v a lu a t io n is a n e c e s s a r y p a r t o f
the p ro c ure me nt p ro c e s s .
P r ic e t h o u g h a d r iv in g c r it e r ia f o r s o u r c in g
s h o u ld n o t r e m a in t h e o n ly c r it e r ia . T h e
s u p p lie r s s h o u ld a ls o b e e v a lu a t e d o n o t h e r
c o n s t r a in t s lik e q u a lit y , s u p p ly c y c le ,
r e lia b ilit y , p a s t p e r f o r m a n c e e t c .
8. 7
1
Contract
Management &
Supply Inspection
E n s u r in g t h a t a ll t h e t e r m s a n d c o n d it io n s o f
t h e c o n t r a c t a r e c o m p lie d w it h b y t h e
s u p p lie r h e lp s y o u e v a lu a t e t h e s u p p lie r f o r
f u t u r e s u p p lie s .
S u p p ly In s p e c t io n e n s u r e s y o u g e t t h e
p r o d u c t y o u h a v e p a id f o r a n d e n c o u r a g e s
h e a lt h y c o m p e t it io n a m o n g s u p p lie r s w h o
a r e c a u t io u s n o t t o s u p p ly s u b s t a n d a r d
p ro d uc ts .
9. 8
1
Collaboration
W o r k in g c lo s e ly w it h s u p p lie r s a n d o t h e r
s t a k e h o ld e r s , c a p t u r in g k n o w le d g e a n d
r e d is t r ib u t in g it e f f e c t iv e ly h e lp s t h e b u y e r s
to s ta y a he a d o f t im e s .
10. We at L-1 Corporate Services work towards making business a
little simpler for you by tapping on the most important division of
your business i.e. the Procurement Division of your organisation.
Procurement is that pivotal process of a business house through
which you acquire goods and services. This process is manifold and
can be very complicated. Our expert professionals with the help of
Procure Smart cutting edge technology, skilled understanding and dedication
towards the goal to make procurement effortless, clear and
understandable have devised an e-procurement platform ;
‘L-1.co.in’
L-1 Corporate Services
5-2-196, No. 7, Distillery Road, Ranigunj, Secunderabad - 500 003.
Phones: +91- 40- 66388414 Mobile: +91- 9985836000
E-mail: info@L-1.co.in Website: www.L-1.co.in
