Companies the world over are beginning to appreciate the difference a potent sourcing and procurement strategy can have on their bottom line, driving procurement cost savings and boosting profitability. The global economy has created highly complex and interdependent supply chains which are vulnerable to risks from geopolitics to natural disasters forcing firms to find immediate sourcing and procurement alternatives elsewhere. If your procurement strategy and framework is not robust and adaptable, the ability to remain competitive, increase margins and maintain customer satisfaction will be jeopardized.
At the Poirier Group, we are well acquainted with the evolving business landscape and have adapted our sourcing and procurement consulting services to align with these dynamic changes. Partnering with your team, we work to comprehensively assess your existing processes, systems, people, and goals. Armed with this background, we compare your current state against industry benchmarks and your strategic objectives, affording us a clear view of the opportunity areas.
This evaluation allows us to recommend targeted initiatives to help you overcome your unique challenges and enhance your sourcing and procurement operations. Through close collaboration with your team, we ensure alignment on these solutions, and generate the necessary momentum for change. Based on your organization’s capacity and expertise to implement these solutions, we craft a roadmap and timeline, complete with the essential support required to guide your procurement and sourcing team from their present state to the desired destination.
Our sourcing and procurement experts bring years of procurement and sourcing experience gained across many industries. They also understand the value of applying lean six sigma methodologies to optimize operations to their fullest potential.
This expertise and capability allow us to deliver solid repeatable value through the following strategic and operational areas:
Our experience in vendor management spans from vendor research and selection to the critical tasks of contract review and negotiation. We rely on industry benchmarks to harness the power of data analytics ensuring that you align with the perfect partners for your needs.
Our approach involves a holistic evaluation encompassing pricing, quality, geographic considerations, relationship dynamics, risk assessment, and a deep understanding of the intricacies of your business. We can optimize your vendor portfolio and contracts by collaborating closely with your team to fully grasp your organizational policies, financial strategies, and unique business model. This synergy ensures the creation and adoption of a vendor strategy tailored to your specific needs and objectives.
Derive maximum value from your vendors by creating a mutually beneficial relationship for long-term sourcing success. A strong vendor collaboration program brings significant benefits from procurement cost savings and improved performance to regulatory compliance and risk mitigation.
We explore the best ways to build more effective alliances with key suppliers and to capitalize on them to enable a more robust supply chain, innovation partnerships, and cost savings. We then establish and train your team on best practices for supplier relationship management that inherently support your business growth objectives.
Sourcing and procurement applications can bring immense benefits by offering process automation, vendor performance reporting, procurement cost savings, enhanced cost control, and real-time data insights. As your trusted partner, we specialize in guiding you through the successful implementation and effective utilization of these applications. Our seasoned technology consultants work closely with your team to ensure you harness the full potential of these tools to achieve cost savings, improved vendor relationships, and enhanced overall procurement efficiency.
Sustainable sourcing and traceability of products are becoming crucial pillars of supply chain management and product stewardship. Our dedicated efforts involve a rapid evaluation of your current product sourcing and tracing capabilities, with a keen focus on the potential challenges that can impact consumer trust and brand loyalty.
Our aim is to help you develop a product traceability program that presents a transparent view of your supply chain, ensuring that your suppliers adhere to ethical standards and uphold the quality criteria essential for your final product. This level of visibility will also enable your team to identify and address inefficiencies, risks, or potential disruptions.
Process re-engineering and Lean-Six Sigma form the bedrock of our core competencies. We understand that streamlined processes are key to an effective, scalable procurement program. Our experienced consultants work collaboratively with your team to identify areas for optimization and develop or review Standard Operating Procedures (SOPs) where necessary, leading to procurement cost savings and improved operational performance.
