Strategic Sourcing

Strategic Sourcing is about finding value through procurement.  It encompasses developing and executing an approach that continuously improves and assesses the purchasing activities of an organization while extracting the best possible value.  Value can be defined as market related, risk reduction, tax efficiency and efficiency savings, all of which are captured within strategic sourcing and are an essential component of the journey to procurement excellence.

The benefits

• Procurement strategy for better spend management
• Improved transactional efficiency
• Enhanced productivity
• Scalable service delivery model
• Optimized functional processes
• Transparency for procurement leaders and internal business partners through dashboards and real time reporting outlining: components of risk, tax, market fluctuations, economic pressures and supply chain disruption
• Effective governance & controls

How KPMG can help

Strategic Sourcing drives value across sourcing activities, from delivering best-in-class spend analytics and category opportunity identification, to leading full scale category sourcing initiatives (with varying levers) and direct negotiations. Our team has a strong track record of delivering value across every industry and category with a focus on pulling key value levers and enhancing return on investment for our clients. Our wide-ranging portfolio of services assists our clients from strategy through results.

• Spend and Contract Analysis: Spend and contract analysis that enables identification of opportunities that provide meaningful value
• Industry and Market Insights: Deep industry expertise, category benchmarking, and market expertise from our highly experienced practitioners
• Sourcing Execution: Sourcing event lifecycle management, including event development and execution, negotiation strategy creation, and solution implementation
• Category Management & Sourcing: Reducing costs and improving performance through development of strategic long-term supplier relationships