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With a wide network of strategic sourcing practitioners from across the globe, TransProcure is well-positioned to implement strategic sourcing for its client companies through its process that allows the realization of all opportunities, implementation and maintenance of best practices.

TransProcure’s Strategic Sourcing methodology combines a strategic perspective with rigorous analysis on a sourcing group by sourcing group basis to deliver significant reductions in total cost. The first step involves defining the scope of purchases and prioritizing the opportunities by accessing the database of expenditures. This will cover from direct, indirect materials to services and capital expenditures. 

The purchases are then strategically segmented based on market dynamics and business strategies using a supply positioning matrix which will identify non-critical to strategic items.  Each sourcing group will then follow a seven step detailed methodology which will profile your total spend and recommend procurement strategies to implement

• Profile Category
• Supply Market Analysis
• Develop Sourcing Strategy
• Supplier Selection
• Negotiation and Contract
• Implement Agreement
• Manage Suppliers

TransProcure team helps companies in creating competitive advantage and distinction in the market. Our tested and proven methodology ensures the establishment of short term and long term sustainable value. We give assistance in developing compliance and performance metric systems to reduce risks in transactions.

a. Emphasis on total, lifetime cost, not just purchase price

Strategic sourcing takes account of the full life-cycle costs of a product, not just its purchase price.

Looking right across the supplier relationship, strategic sourcing reduces costs by increasing purchasing power.

By narrowing the number of suppliers used in the business, "partnering" in JVs/alliances, and devising mutually beneficial contracts, suppliers can work together with a strategic sourcing business to achieve better standardization and improvements in cost, quality and delivery time.

d. Streamlined business processes, work and information flow

The objective here is to simplify sourcing requirements by promoting common standards, work patterns and information requirements. This in turn can lead to lower inventory costs and reductions in purchasing order frequencies.

e. Improved teamwork and purchasing skills

By creating cross-functional teams that can include suppliers, businesses can overcome organizational barriers, inspire collaboration and promote innovation. Better informed purchasing skills result from sharing information about products, markets and respective needs to meet wider organizational objectives.