Strategic Sourcing Procurement Professionals Public Sector Benefits of Outsourcing

Strategic Sourcing Project

As Procurex manages your organization’s purchasing, we will gather the data and knowledge needed to conduct Strategic Sourcing projects. This includes learning about items, material specifications, dollar volumes, vendors, etc. Procurex will use a vendor pre-qualification process along with a reverse-auction bid whenever possible to ensure the best available pricing and terms.

 

Steps of a Strategic Sourcing project include:

1. Gathering all spend data (vendors, parts, prices, quantities, etc.)
    
2. Categorizing top-dollar spend items
    
3. Determining best categories for bid opportunities
    
4. Gathering all specification data to create bid packages
    
5. Locating and pre-qualifying vendors to your organization’s standards
    
6. Obtaining your organization’s approval of vendor participants
    
7. Creating online bid event
    
8. Training vendors to ensure complete understanding of the bid documents
    
9. Obtaining vendor agreement to bid terms and conditions
    
10. Conducting mock bid event
     
11. Conducting live bid event
     
12. Analyzing bid price and non-price data and identifying the “apparent” awardee
     
13. Negotiate and effect the purchase order or contract
     

 

 

Contact us now to begin the process!