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Development of a Strategic Sourcing Solution should be the start, not the end of your procurement journey. Ensure those savings stick, supplier performance is maintained & supply agreements continue to work for you through Spend Solutions' supply performance optimisation.
Spend Solutions will review every corner of your current supplier relationship to uncover further opportunities to lower costs, improve supplier performance & lower risk. Our performance optimisation review covers the following activities-
* Cost optimisation
* Complinace assessment
* Contract management
* Supplier management
Even after you have identified your preferred supplier & are satisfied that prices are market competitive, there are still opportunities for ongoing supplier cost savings through optimisation of how those products & services are supplied & consumed.
We conduct a deep analysis of how a target product or service is being purchased, supplied & used to uncover opportunities for further cost savings. Our analysis includes the following investigations-
* Consolidate products into a preferred product list to provide greater purchasing power & minimise rouge purchases.
* Standardise specifications & policies to meet fit-for-purpose criteria.
* Optimise how products & service are consumed through reuse, recycle, minimisation & demand setting adjustments.
* Simplify how products & service are packed, transported, ordered & stored.
Having a great sourcing strategy in place is irrelevant if sites aren't using the preferred supplier. Spend Solutions will conduct a spend review to identify who is & isn't accessing the negotiated supply agreement so that you can ensure maximum utilisation.
Mid contract reviews are critical to ensuring that commercial terms are being applied correctly & that the contract still works in your favour. Spend Solutions will review the variable terms within the agreement, including the following-
* review invoiced v contracted rates to ensure they have been applied correctly.
* Review any fees or charges that have been incorrectly applied.
* Ensure that any agreed rebates have been correctly applied & provided.
* conduct price negotiations according to the agreed price review terms to ensure the best possible commercial outcomes.
* Review supplier performance against contracted KPI's.
Do you have a supplier performing below expectations & have bashing your head against a brick wall to improve performance?
Spend Solutions are experts at managing supplier performance, including reviewing performance against KPI targets & developing performance improvement plans to ensure supplier performance meets agreed expectations.
Don't settle for inferior supplier performance, use Spend Solutions to obtain greater value from your supplier base.