Strategic Sourcing
Uncover new opportunities to maximize dollar-for-dollar savings from your source-to-pay initiative.
With SpendBridge Strategic Sourcing, we use our best-practice knowledge to guide your team through an assessment of current contracts, people and technologies to identify gaps in current vs. optimal spending. Typically, identifying challenges and opportunities in an organization’s source-to-pay function is best reflected from an outside team; as there are as many strategic procurement opportunities as there are unique businesses.
With SpendBridge Strategic Sourcing you will:
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.
Create processes to continuously re-evaluate and improve your purchasing activities.
Benchmark your existing contracts versus best-in-market.
Redirect savings to more strategic initiatives.