Level 5™ in Action: The Advisory Phase

Objective: To implement standardized processes that leverage your vendor portfolio, decrease maverick spend and improve purchasing efficiency.

Methodology Snapshot:

• Identify clear processes for sourcing – including competitive bidding, vendor communications and approval to purchase
• Segment suppliers based on their strategic versus commoditized value
• Create vendor scorecards and management plan by segment
• Provide best practices for vendor management and goals/metrics for strategic vendor relationships
• Provide detailed roadmap to maximize budget dollars 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