The Challenge
‘The organization faced several challenges due to the absence of a company-wide sourcing initiative. Inefficient IT systems and dissatisfied supplier delivery contributed to non-harmonized and non-streamlined supplier monitoring, making it difficult to meet the annual IT budget. As IT was not perceived as a trusted business partner, the need for change in middle management arose in order to improve collaboration, streamline processes, and ultimately drive better outcomes for the company.
Integrate structures and processes for tendering and supplier management
The Approach
Design and develop sourcing strategy. Guide and manage tendering process for RFI, RFP and negotiate outcome-based contracts with strategic partners. Implement sourcing and supplier management framework and development of standard processes. Prepare and support supplier due diligence, knowledge transfer and transition phase.
Over $ 10 million in savings through a strategic sourcing approach.
The Result
‘Over the next three years, the company will achieve $ 10 million in savings by modernizing its IT infrastructure and implementing outcome-based contracts and services. This strategic transformation not only streamlined processes but also enhanced overall efficiency and effectiveness within the organization.
Let’s create sustainable change together.
