Indirect Sourcing Optimization
Indirect spend often accounts for around 20% of a company’s overall spend but can represent over 80% of the total vendors & suppliers with the least amount of contract governance and control.
Sourcing Advisory Group was created to leverage extensive experience and expertise to help organizations maximize value and opportunity costs by leveraging best-in-class aggregated and GPO indirect sourcing programs. Our team has worked with over 50 private equity firms and over 500 companies ranging from multi-billion-dollar global organizations to new startups.
Our focus is to become an extension of your procurement team. We will do the legwork to help you evaluate the programs and align you with programs that provide:
- Cost Savings - Highly leveraged programs for items/services that they are currently purchasing with vendors they know and trust.
- Accelerated Time to Value - The programs are pre-negotiated so their savings are immediate as opposed to a sourcing process that could take months and is unlikely to produce the same results as leveraging billions of dollars in purchasing power.
- Opportunity Cost - Maximize your savings opportunity.
- Contract Standardization - In many cases, this will provide savings in addition to the actual hard-dollar savings.
We guarantee an immediate ROI on all our programs.
- Are you on target to reach your annual procurement savings goals?
- Are you maximizing the value of best-in-class aggregated programs and GPO offerings today?
- Have you benchmarked all your transportation modes and optimized your supply chain routing in the last year?
- Are your current sourcing programs achieving documented total cost savings & sustainability goals?
Contact us today for no cost, or obligation, benchmark assessment of your indirect procurement programs!
steve.cross@sourcingadvisorygroup.com
(615) 663-9606
Procurement Leaders
- How Gilead segments suppliers for Scope 3 greenhouse gas emissions October 7, 2024The pharmaceutical company has a two-phase approach to ensure suppliers get the help they need to calculate their carbon footprintjtorrence
- CPO Crunch: The future’s bright October 7, 2024The coming years hold unique promise for CPOs – if they can get the fundamentals rightDavid Rae
- CPO Crunch: A productive event October 1, 2024Every leader wants their organisation to be more productive, developing a structured approach to that conundrum is a different matter, howeverDavid Rae
- CPO Crunch: Stories > numbers September 23, 2024Master the art of storytelling to win C-suite buy-in when lacking quality dataDavid Rae
- CPO Crunch: See savings as a starting point September 16, 2024Cutting costs is back in fashion – but delivering savings should not be leaders' only goalDavid Rae
Supply Chain 24/7
- Serve and Wing Debut Robot-to-Drone Delivery in Dallas-Fort Worth Area October 2, 2024Serve Robotics is partnering with Wing to launch an innovative robot-to-drone delivery system in North Texas.peerless@peerlessmedia.com
- Consumers Start Holiday Shopping Early, Prioritize Cost & Sustainability October 2, 2024According to project44's latest survey, 68% of consumers plan to shop early this holiday season to avoid rising costs and reduce their carbon footprint.peerless@peerlessmedia.com
- East and Gulf Coast Port Strike Begins as Labor Talks Break Down October 1, 2024Over 14,500 union workers at 36 U.S. East and Gulf Coast ports have gone on strike after labor talks between the ILA and USMX failed.peerless@peerlessmedia.com
- Sustainable Shipping for E-Commerce: How Right-Sized Packaging Reduces Waste and Costs October 1, 2024Right-sized packaging offers e-commerce businesses a sustainable shipping solution that reduces waste, cuts costs, and lowers carbon emissions while aligning with evolving environmental regulations and consumer demand for eco-friendly practices.peerless@peerlessmedia.com
- Honeywell Debuts AI Solutions to Transform Energy Plant Operations October 1, 2024Honeywell has launched new AI-powered solutions to help the energy sector improve efficiency, productivity, and workforce training.peerless@peerlessmedia.com
Supply Chain Management Review
- The Sustainable Development Goals (SDGs): Its Effects On Businesses and Brands October 1, 2024Achieving the Sustainable Development Goals (SDGs) is a critical role for businesses and brands, as it can have a big impact on their operations, strategies, branding, and stakeholder interactions. In order to meet global sustainability goals, promote innovation in goods and services as well as business models, and draw in socially conscious clientele, companies are […]ikram
- Letter of Credit and Blockchain Technology In A Supply Chain | September 25, 2024A letter of credit(LC) is also named a documentary credit(DC) in globalized international trade. In recent times, banks utilize blockchain technology regarding the formulation of letters of credit . The ICC regulates market practices (Documentary Credit 600). These include the advising bank that will give the documentary credit to the beneficiary or their nominated bank […]ikram
- About the Matarbari deep sea port: A Supply Chain Management perspective | September 16, 2024To ensure load unload of deep draft vessels the Matarbari port is essential for Bangladesh and adjacent countries and areas. The Matarbari deep sea port has a 16m depth that will help 16m draft vessels to unload their cargo at the terminal. At deep sea, currently mother vessels unload the cargo at feeder vessel and […]ikram
- How to explain the rise of ecommerce challenges and opportunities for supply chain management? September 1, 2024The rise of e-commerce has brought significant changes to the global economy, altering industries and consumer behavior. However, it has also presented challenges and opportunities for supply chain management. E-commerce has led to an increase in demand for quick order fulfillment, requiring more sophisticated logistics networks and faster delivery services. Inventory management has become more […]ikram
- Supply Chain Management Career: A Discussion in general August 22, 2024In a case study, based on USA-based companies, first-level management is of about 0-4 years.To understand the supply chain management career we can remind ourselves about the example of leaf cutter ants.But Supply Chain Managers attempt and optimize the steps to produce the necessary amount of product and deliver the product to the end user […]ikram