Our strategic sourcing solution services address needs of business by providing support across the entire sourcing lifecycle from strategy, provider selection, implementation, and governance.
Paragon provides experienced professionals with industry and consulting backgrounds that have executed complex negotiations and can complement your team, or be the sourcing function as you grow.
With our help, you can:
Review, design, or refine your sourcing policy, governance, and processes
Update your policy documentation to align with your business objectives
Develop a governance framework and detailed sub-processes, supporting documents, and templates
Prepare multi-channel communications as you plan to roll out the new processes
Generate templates & internal documentation
Our sourcing approach can be applied across direct and indirect spend, capital and project expenditure, and can be extended across geographical and business unit boundaries. We applied strategic sourcing solution successfully to market companies with global footprint at competitive advantages.
We empower cross-functional teams to ensure knowledge transfer and up skilling, while involving other stakeholders deeply and constructively at all stages in the process. Paragon’s ability to perform deep, detailed analytics across the company-wide spends means that both strategic sourcing solution and supplier negotiations are driven by data, facts and knowledge.
We encourage our clients to step outside of their current procurement practices and explore new relationships with a diverse group of suppliers. Our methodical strategic sourcing solution and process produces excellent results around expense reduction and quality improvement while increasing participation levels of diverse suppliers.
By tailoring our base strategic sourcing solution to meet the needs of our clients, we have the flexibility to deliver the entire end-to-end process or individually selected segments. Our clients never lose control of the process or the decision.
Paragon has conducted transformational cost reduction initiatives for Fortune 1000 clients with significant results. It is not uncommon for us to reduce cost of goods purchased (COGP) by 15%-35% with annual ROIs ranging from 2x to 20x. Our proven savings approach yields significant EBITDA growth.
Let us help you achieve the benefits of cost reduction with strategic sourcing solution. Get in touch with us today to learn more.
Comentários