Strategic Sourcing

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Strategic Sourcing

  1. 1. Procure Smart
  2. 2. Gaining 1 1VisibilitythroughSpend 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. 3. 2 1AnalyzingOpportunities 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. 4. 3 1AnalyzingMarkets &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. 5. 4 1Standardization 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. 6. 5 1Flexibility 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. 7. 6 1OptimizeSuppliers 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. 8. 7 1ContractManagement &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. 9. 8 1Collaboration 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. 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 ofProcure 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

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