Sourcing & Procurement Consulting
For businesses undertaking significant sourcing initiatives or supply chain restructuring, our Sourcing and Procurement Consulting service provides strategic guidance and hands-on support—from supplier strategy development through ongoing performance management.
Service Scope
Sourcing Strategy Development
- Assessment of current sourcing approach and supply chain risks
- Identification of sourcing opportunities and supply chain optimization potential
- Development of multi-source vs. single-source supplier strategies
- Geographic diversification and supply chain resilience planning
- Category-specific sourcing strategies (low-risk commodities vs. specialized components)
Supplier Selection & Onboarding
- Criteria-based supplier evaluation and selection methodology
- Supplier shortlisting and competitive evaluation
- Negotiation support and commercial contract structuring
- Quality and compliance expectation setting
- Supplier onboarding and initial quality verification
Ongoing Supplier Management
- Establishment of key performance indicators (KPIs) for supplier monitoring
- Regular supplier performance reviews and feedback
- Identification and management of supplier issues and remediation
- Renegotiation of commercial terms and pricing based on market data
- Supplier development and performance improvement programs
Supply Chain Risk Management
- Identification of single-source dependencies and supply chain bottlenecks
- Supplier financial health monitoring and early warning systems
- Business continuity and contingency planning
- Geopolitical and trade policy risk assessment
- Supply chain diversification strategies
