Finding better ways to manage your business’ expenses is something that preoccupies the minds of corporate executives and purchasing managers alike. But despite the attention labor costs often receive when it comes to manufacturing; expense categories, such as raw and packaging materials, indirect supplies and business services often have greater impact on the bottom line. From ingredients and packaging, to pens and paper, to shipping and telephony services, these categories cover an extraordinarily large and diverse base of products and services.

When you add increasing market complexities and exponential material cost increases, there’s no wonder why the task of achieving maximized cost savings without sacrificing manufacturing quality has become an extremely elusive goal for any organization. With so much on the purchasing manager’s plate, the outside perspective and added capacity of a knowledgeable, focused strategic partner can make all the difference in making sure your company is sourcing correctly. That’s where Provident’s Strategic Sourcing program comes in.

This service is designed to help companies buy the right items from the right suppliers at the right mix of price and service across all their categories. Comprehensive in approach, our Strategic Sourcing services cover all aspects of strategy and planning, risk management, as well as category management and are combined with the broadest base of insight by Provident’s knowledgeable and experienced staff into external benchmarking and industry best practices.

Strategic Sourcing Benefits

• Lowered raw and packaging material costs
• Improved profitability
• Improved procurement capacity and efficiency without adding additional head count
• Broader insight into sourcing trends, strategies and technologies
• Improved risk management practices and procedures
• Enhanced supplier monitoring and tracking to ensure optimal performance
• Decreased time to realization of savings
• Improved supplier relationships and service

Our Process

Strategic Sourcing

If you are interested in learning more about Provident’s Strategic Sourcing Services, please contact us or call us at 630.300.6290.