Strategic Sourcing Solutions - A Guide To Streamlining Your Business

1. Strategic Sourcing Solutions: A Guide To Streamlining Your Business

2. In simple words, strategic sourcing is a method that is used in supply chain management. It basically redefines the way information is collected and used for the betterment of the company’s goals. That is, an organization implements strategic sourcing solution so that it can set its purchasing strategy right. A strategic sourcing consultant provides security and stability to the purchasing process (sourcing). Strategic sourcing solution by Paragon is a speciality service that challenges the traditional, multinational consulting firm approach with our agility, results and value-orientated focus. It’s a mix of leveraged sourcing and category management. The combination creates the organization capability for one voice to drive for better results, using cross functional teams, long term written strategies, supplier collaboration, and appropriate negotiating techniques.

3. Further: • We understand the variables at play in a given sector, country, or season and advise accordingly. For instance, we may advise on the benefits of ordering in bulk or smaller quantities, depending on such things as seasons, shipment costs, and so forth. Or we would understand the implications of working with many suppliers or a single supplier. Our work is to help our client come up with the most efficient way of sourcing and implement that chosen path correctly. • Sometimes the quality standards expected by law differ between countries. This result in the likelihood of goods sourced from one country being rejected in the destination country. Our strategic sourcing consultant does due diligence to prevent such eventualities. • On numerous occasions, the initial budgeted procurement costs are lower than actual final costs due to unforeseen fees, foreign exchange movements, and misunderstandings with suppliers. The experience of our strategic sourcing consultants helps to make accurate predictions and calculations of procurement costs. • We support various industries with expertise in logistics, supply chain, procurement, technical engineering, contract and commercial management, project management, organisational change, change management, and process re-engineering. • Client outcomes include optimised operational performance, enhanced strategic capability and contract negotiation, and maximized profit opportunities.

4. It’s the responsibility of our consultant to take into account all the possible drawbacks and modifications in the strategic sourcing strategy and to quickly adapt to new situations. Contact us to learn more about our strategic sourcing solution.

5. Contact Information Email Website • https://paragonresults.com/ • info@paragonresults.com Address Contact No. • +1 (630)-273-5231 • 1000 Parkwood Circle, SE, Suite 900, Atlanta, GA 30339