STRATEGIC SOURCING SERVICES Drive sustainable value creation through our leading strategic sourcing and procurement cost reduction tools, services, and resources Contact An Advisor Source-to-Pay Solutions Advisory Services Strategic Sourcing Since 1992, Corcentric has partnered with customers to optimize strategic sourcing efforts and achieve greater savings, better supplier relationships, and competitive advantages Strategic sourcing is not a solo effort: Corcentric Strategic Sourcing consulting services partners with clients, from small to mid-market and the Fortune 1000, to drive value creation by leveraging our mutual time, knowledge-base, sourcing experience, and resources, as well as tools like Corcentric Sourcing and Corcentric S2P Platform. Whether you require resources, subject matter expertise, technology solutions, or access to critical marketplace data, Corcentric can assist you in any part of your procurement project. Our Strategic Sourcing consulting services include benchmarking against the marketplace, supplier identification and rationalization, RFX management, contracting and negotiations, and procurement process improvement, including Source-to-Contract and Procure-to-Pay solutions. Corcentric Strategic Sourcing harnesses the skills of the supply industry to best optimize sustainable and competitive advantages for our customers Supply Base Development The Corcentric process develops a secure and responsive supply base that is capable of providing quality, delivery, costs, technologies, flexibility and services to meet your current and future business needs — whatever your size or industry. Cost Reduction Initiatives Our Strategic Sourcing process starts with benchmarking your current spend against the marketplace, as well as spend analysis, supplier identification and qualification, strategic sourcing event management, supplier negotiations, and process/compliance improvement, including e-Sourcing and Procure-to-Pay solutions as appropriate. Category Management Since 1992, we’ve built a database of price points covering hundreds of categories. Our goal is to help you obtain savings faster while improving all qualitative aspects of supplier relationships. You have the flexibility of choosing Corcentric’s fee-for-service model, or you can lower your risk by choosing a contingency based (gain sharing) plan. Strategic Sourcing Solutions Along with cost reduction and strategic sourcing services, Corcentric is a recognized leading Procurement Service provider delivering custom project-based and full BPO sourcing solutions for clients of all sizes. Corcentric provides on-demand resources (people, subject matter expertise, and technologies) to assist clients in achieving savings faster while increasing quality of service. Procurement Industry Thought Leadership Corcentric Strategic Sourcing expertise is specific to sourcing and supply chain initiatives, with a team of procurement and sourcing industry thought leaders. We’re frequently published in mainstream media, news outlets and other industry publications, and published the first strategic sourcing handbook, Managing Indirect Spend. Broad Strategic Sourcing Spend Categories We can help with your strategic sourcing, cost reduction or benchmarking needs in spend categories that range from raw materials to circuit board manufacturing equipment, professional services contracts, custom IT software development initiatives, and dozens of others — we’ve sourced it all (see Sample Savings Percentages). Benefits and Insurance Freight and Logistics Health Care & Life Sciences Low Cost Country MRO Office Supplies Professional Services Telecommunications Travel Utilities Procurement Advisory Procurement Transformation Supplier Relationship Management M&A Advisory Diversity & Minority Spend Procurement Training Staffing & Recruiting Strategic Sourcing Services Spend Analysis & Opportunity Assessment Category Management Services Strategic Sourcing Execution Cost Reduction Services Finance Advisory Finance Transformation Digital Transformation Procurement Technology Advisory Optimize your strategic sourcing process and capabilities by leveraging Corcentric’s full Strategic Sourcing toolset Aggregated spend by commodity and category Current contract costs, terms, and conditions Product specification including quality, availability and service requirements Understanding of all fixed and variable cost drivers for total cost of ownership Current Market Analysis Recommended strategic sourcing strategies for cost reduction Development and management of RFX or Reverse Auction events Bid analysis and scorecarding Recommendations for supply change Final contracting and negotiations Implementation support Ongoing audit and continuous improvement monitoring Learn more about how Corcentric Strategic Sourcing can help you achieve immediate and sustainable cost reduction and value generation goals See sample strategic sourcing categories and savings On-demand Procurement Services and Solutions by Corcentric Detailed overview of Corcentric and our sourcing services Contingency-based strategic sourcing consulting services See a graphical overview of our Strategic Sourcing offerings Spend Category Management: What Is It — Why Is It So Valuable? Read the Blog TRUSTED BY THOUSANDS OF LEADING COMPANIES See our Customer Stories Develop and execute category strategies to drive innovation and build competitive advantages Contact An Advisor Related Strategic Advisory Blogs FINANCIAL MANAGEMENT PROCUREMENT Two Words That Get CFOs Promoting Procurement Build a strategic procurement plan aligned with finance’s working capital strategy. Read More SOURCE-TO-PAY (S2P) SUPPLIER MANAGEMENT How To Excel in Supplier Relationship Management Mastering the art of Supplier Relationship Management requires dedication but can ultimately lead to success. Read More CHANGE MANAGEMENT SOURCE-TO-PAY (S2P) Change Management for Implementation Success A conversation about the investments procurement should make in change management to ensure it is an asset in technology implementations. Read More See All Strategic Advisory Blogs Corcentric helps more than 2,300 companies enhance cash flow quickly through an unmatched combination of software, advisory services, and payments that transform how companies purchase, pay, and get paid. 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