March 30, 2020, 4:11 pm

Sourcing Management

Best practice demonstrates that for genuine cost reduction and service improvement an objective approach to the selection of suppliers of both goods and services should be taken. The favoured approach is to explicitly consider not only costs, but the benefits and risks associated with sourcing goods and services from alternative suppliers. This consideration of benefits and risks can only be effectively performed where operational, maintenance and supply knowledge is brought to bear on the decision. Integrating the data generated by the Spend Analysis with product knowledge, market knowledge, supplier knowledge and knowledge of the operational and maintenance requirements for the goods or services, the use of sourcing management can add real value.

Assetivity can assist you to develop and implement more effective Sourcing decision-making processes. Our Operations, Maintenance and Supply knowledge, combined with our knowledge of Maintenance Repair and Operations (MRO) marketplaces permits us to enhance your decision making processes even further.

Having established these preferred suppliers, Supplier Performance Management is a business process that involves defining, measuring, and enhancing the performance of suppliers to meet organisation goals. If handled correctly and with two way sharing of data there can be continuous improvement in service levels and commitment to the relationship.

Our knowledge of supply sources and performance trends can assist you to determine whether or not the value proposition presented by a supplier is genuine and of benefit to your organisation.

The middle ground, logistics function, is often where the value is lost in relationships with suppliers. An essential component in sourcing management is the control of the delivery of equipment and materials to a site. We can assist you to review site requirements and improve your logistics arrangements in order to improve supply service levels while minimising costs.

Contact us now to speak to an expert consultant.

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