Implementation & Savings Realization
Assuring Your Sourcing Strategy Delivers Results
In a procurement
transformation, savings from sourcing
initiatives can add up quickly, but unless the new rates, terms and preferred suppliers
are actually implemented, the results will not show on the bottom-line.
To address this, GEP’s
strategic sourcing teams work closely with your suppliers and stakeholders
to help ensure that the identified savings opportunities translate into actual cost
reductions.
The key to realizing actual cost reductions is through a proven, ground-level implementation
process that extends from the initial sourcing,
right through follow-up.
Savings Realization: Process Flow
- Getting advanced buy-in from the bottom up, and the top down
- Requiring suppliers to provide implementation plans as part of their RFP response
- Helping you craft internal processes and communications so that your end-users actually
use the preferred suppliers
- Assuring that the necessary knowledge and resources are fully transferred to your
category owners and buyers
In addition, GEP can provide your teams with savings tracking tools and/or services
to continually monitor the savings from your ongoing
procurement transformation.
Related links:
Opportunity Assessment, Category
Sourcing & Expertise