Reductions in purchasing services and goods (while maintaining quality) can lead to significant company savings. Strategic sourcing for goods and services involves implementing changes to spending and procurement in order to cut costs. Strategic sourcing initiatives, which typically generate savings ranging from 5% – 15% or more, may include analyzing, negotiating and managing purchasing agreements, equipment and materials to achieve sustainable results.
SRG has a proven track record of identifying and prioritizing sourcing opportunities to maximize return. Strategies/capabilities include (but are not limited to):