Strategic Sourcing
Uncover new opportunities to maximize dollar-for-dollar savings from your source-to-pay initiative
With SpendBridge strategic sourcing we can guide your team through an assessment of your current contracts, people and technologies to identifying gaps between current state and the optimal future state that adds the most value to your organization. Typically, identifying challenges and opportunities in an organization’s Source-to-Pay function is a task best reflected from an outside team with best practice knowledge as there are as many strategic procurement opportunities as there are unique businesses.
With SpendBridge Strategic Sourcing you’ll:
Determine if you are paying fair market value, competitive, or best prices for procurable goods and services
Create savings that reduce cost of goods directly improving margin on a dollar-for-dollar basis
Create processes to continuously re-evaluate and improve your purchasing activities
Redirect savings to more strategic initiatives
Understand current practices and benchmark them against best practices
Benchmark your existing contracts versus best-in-market