Our strategic sourcing solution enables you to access the best of suppliers for the commodities you need. Our dedicated team of sourcing specialists can manage your sourcing completely, or augment your internal sourcing team, to increase bandwidth, improve efficiency and broaden coverage of the global supply base.
In our experience, transitioning towards value-based sourcing calls for organizations to focus on key transformation building-blocks:
- A vision of what value-based sourcing means for the organization
- An evolved sourcing operating model
- Innovative strategies for commodities and relationships
- Agile, digitalized processes to manage the sourcing life cycle and integrate supply chains
- Capabilities to embed and sustain the change
Paragon Result’s strategic souring solution:
- At the start of any engagement, we develop a strategic sourcing plan and stocking strategy that aligns with your corporate goals. That plan identifies opportunities to improve your MRO purchasing power in terms of materials and providers, while utilizing the expertise of our network of local, regional and international suppliers
- We help you to establish medium-range evolutionary plans covering a wide portfolio of improvement levers, focusing on spend management, demand management, supply and supplier management, and value-chain management
- We help you to identify the most valuable digitalization opportunities open to you, right through the entire sourcing lifecycle, unlocking augmented insight, process acceleration and efficiency
- We help you to develop organizational capabilities and processes to generate recurring savings and enhance the performance impact of the supplier base
- We work in tandem with you to engage key suppliers in collaborative processes in order to close the gap with target costs for new or existing products
- We support you in leveraging advanced capabilities in order to optimize and manage purchase contracts throughout their entire lifecycle (from RFQ to negotiations, and through contract execution and close-out)
Our sourcing experts are uniquely equipped to help you address your sourcing and cost challenges. They will help you to understand your level of sourcing maturity, and seize opportunities—both within the organization and across your integrated value chain—from R&D right through to your end-customers. We can assure you the highest level of our quality support in functional improvement and end-to-end Value Chain optimization through our strategic sourcing solution.