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Applied Expertise
has a well developed and structured approach
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Strategic Sourcing
Rationale
- Strategic Sourcing is a way of leveraging the supply base in order to:
- Improve end customer satisfaction
- Reduce Total Acquisition Costs
- Reduce time to market
- Gain access to superior technologies
This is achieved through:
- Segmentation of spend portfolio into categories
- Differentiated approach to the supply market
- Tough cost saving and service targets
- Fewer, better suppliers and greater use of their resources
- Improved relationships with key suppliers
- Tighter integration of Purchasing and Supply Chain within the business
Deliverables
- Significant Cost Savings
- Supplier Rationalisation
- Increased Leverage
- Improved Quality & Service
- Key Supplier Collaboration
- Supply Risk Management
- Increased Team Confidence
Key Facts:
- Strategic Sourcing projects are cost effective, pay back rapidly and deliver benefits year after year
- Every £1 saved by Purchasing is equivalent to £10 in sales revenue
- Effective sourcing begins at the design stage where most of the product cost is locked in
- Applied Expertise have a tried and tested methodology:
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