Sourcing Optimization & Procurement
Enhance Supplier Optionality, Reduce Risk, Improve EBITDA, Service & Quality
Sourcing Optimization Approach
SGS Maine Pointe's sourcing optimization implements our rigorous six-step procurement process to achieve measurable improvements not only in cost but also quality, service, speed to market and risk.
Sourcing optimization leverages SGS-Maine Pointe’s data analytics, strategic procurement, leader & organization improvement and industry supply chain subject matter expertise.
This includes a detailed process of spend profiling to enable category specific cross- functional teams (SGS- MP & client) and breaking through functional silos and transforming procurement into a high value strategic procurement function.
We employ a rigorous baseline and evaluation process to ensure the client can track the achievement of the savings/benefits and install a procurement management operating system (PMOS) to ensure they continue to drive sustainable realization, as part of our part of our Total Value Optimization™ approach to value creation.
Benefits
- Improve profitability through reduced cost of goods sold (COGS)
- Reduce total cost of ownership
- Enhance supplier relationships allowing for collaborative cost optimization and value creation
- Increase supplier optionality and risk mitigation
- Improve cost, quality and price visibility
- Enhance supplier performance management
- Eliminate silos and drive cross-functional alignment
- Drive measurable improvements in cost, cash, resilience and growth
What Our Clients Say
Experience the difference
Perspective Paper
TVO Procurement: Moving beyond the historic orientation on controlling cost in procurement
- Why Total Cost of Ownership (TCO) is no longer enough
- Taking a more strategic approach to procurement and value creation
- Checklist for making the move to Total Value OptimizationTM (TVO)
Sourcing Optimization Success Stories
Driving measurable and sustainable change
Driving value and savings in a double-digit inflationary global market
Read Story ➔
Improving EBITDA by 11% in a low margin/rising commodity market
Read more ➔
“I am happy to report that we were able to accomplish significant savings benefits, gain transparency into our spend and supplier relationships as well as establish the groundwork for sustainable value as a result of Maine Pointe’s Total Value Optimization™ approach."
Richard McEvoy
CEO, Vantage Specialty Chemicals
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