Screening
of Vendors
of Vendors
On-Demand
Expertise
Expertise
Unbiased
Assessment
Assessment
RFP
Management
Management
Contract
Management
Management
Evaluation of
Performance
Performance
Screening
of Vendors
of Vendors
Screening of vendors
- A comprehensive global list of vendors
- Covers services, locations, other public info
- Enables rapid screening of vendors
On-Demand
Expertise
Expertise
On-Demand Epertise
- Vendor due diligence requires variety of expertise
- Technical, Quality, Legal, Int’l Tax, Site audits
- Experts available ‘On Demand’
Unbiased
Assessment
Assessment
Unbiased Assessment
- Objective and unbiased vendor assessment
- 50+ non-pricing parameters in vendor questionnaire
- AI assisted ranking of vendor responses
RFP
Management
Management
RFP Management
- Manage all RFP communications with vendors
- RFP portal to streamline vendor submissions & Q/A’s
- Automation – CDA, RFP Package, Vendor ranking, etc.
Contract
Management
Management
Contract Management
- Contract strategy, contract reviews/approvals
- Term sheet, price benchmarking, negotiation
- Long-term management of contract
Evaluation of
Performance
Performance
Evaluation of Performance
- Portal for vendor reporting on KPI’s/SLA’s
- Measure vendor performance and efficiency
- 3rd Party monitoring enables ‘neutral’ assessment
Performance Comparison
-
Typical duration of a
sourcing project -
Client resources utilized
(incl consultants) -
Client expertise needed
(in-house or consultants) - Contract Terms / Pricing
- Non-Pricing Assessment
- Conventional Approach
- 6+ Months
- 3+ FTE’s
- SME, Quality, Legal, Financial/Tax
-
Fewer vendors evaluated,
Less competitive - Subjective
- SOURCEing Solution
- 2-4 months
- ~1 FTE
-
Only client SME, other
experts on demand -
More vendors,
More competitive - Objective, based on std. questionnaire and ranking
Value Proposition
SOURCEing provides significant advantages
over conventional sourcing approaches
over conventional sourcing approaches
Acceleration in vendor selection time
0
X
Reduction in utilization of client resources
>
0
%
Savings through better contract terms & pricing
>
0
%