With the continuous pressure on sourcing executives and managers to reduce costs and control spending, continuous strategic improvement is not an option, it’s a necessity. Yet, industry experts say that strategic sourcing is applied to only about a third of procurement categories in mid-sized companies.

Optimally strategic sourcing extends to a company’s entire procurement environment, extending well beyond product manufacturing and packaging costs to include factors like location, shipping, technology, technical services, new product development, and a host of other factors.

With so much at stake, no company can afford to ignore the full value that strategic sourcing can deliver. That’s why so many turn to Provident for timely, proven solutions that result in the right alignment with the right suppliers. At Provident that alignment means much more than simply shopping for price. It means understanding the complete cost of supplier selection, focusing on the factors that are most important to your business strategy, and delivering cost savings across the board.