Background: To leverage its massive purchasing power for the procurement of raw materials, this CTS Impact client needed to formalize its sourcing process for certain goods and services through a strategic sourcing program.
CTS Impact Solution:
- Analysis
- Perform risk assessment
- Define requirements & key metrics
- Vendor analysis of commodity families
- Vendor negotiation assistance
- Design and implement
- Conduct pilot of selected providers
- Select preferred providers
- Monitor compliance & performance
- Develop Access database tracking tool to monitor vendor compliance and performance