Level 5™ in Action: The Advisory Phase

Objective: To implement standardized cost control and supplier management processes that leverage your vendor portfolio, deliver procurement cost reductions, decrease maverick spend and improve corporate purchasing efficiency.

Methodology Snapshot:

• Identify clear processes for procurement and outsourcing - including competitive bidding, vendor communications and approval to purchase


• Segment suppliers based on their strategic versus commoditized value to evaluate supplier rationalization


• Create vendor scorecards and supplier management plans by segment


• Provide best practices for procurement and vendor management, as well as goals/metrics for strategic vendor relationships


• Provide a detailed roadmap to maximize budget dollars and deliver strategic cost reductions by spend category


• Identify relevant cost comparisons and sourcing best practices against industry peers


• Integrate fresh market data and proven purchasing strategies to frame current spending process


• Utilize tracking tools - sample contract T&C’s to ensure sustained fair market value

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