Strategic Sourcing

Strategic sourcing is an institutional procurement process that continuously improves and re-evaluates the purchasing activities of a company. It is a critical component of supply chain management.

Procurex helps clients of all sizes and industries to better manage procurement and improve supply-base performance. We will help establish best-value contracts with suppliers who meet YOUR unique business needs.

Procurex can assist your organization with the following:

  • Providing instruction and guidance on how to effectively perform strategic sourcing
  • Assist in making large purchases
  • Assist in managing one or more purchase categories
  • Assist in outsourcing your organization's entire purchasing function

The benefits of using a strategic sourcing approach are myriad. They address both of the main procurement goals – improving purchasing conditions and increasing procurement efficiency.

The use of strategic sourcing helps both purchasing organizations and their suppliers to not only stay current with purchasing practices, but to also realize many positive benefits.

  • Cost savings
  • Faster return on investment (ROI)
  • Procurement process improvements
  • Increased competition
  • Decreased cycle time
  • Market knowledge and price insight

Procurex offers a wide range of customized, turn-key procurement solutions to assist your organization in purchasing just about any type of product or service imaginable. Procurex can also participate as a trusted adviser in any aspect of your procurement process. 

Complete our Procurement Project Questionnaire and a Procurex Procurement Specialist will contact you to discuss your next project or event.