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Source One -  Best Practices

procurement best practices
  Best Practices

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What are the Best Practices of Procurement?

Through ‘best practice’ processes and professional supplier management, companies have realized substantial cost reductions through:

  • Elimination of non-value adding process steps
  • Increased efficiency across the entire supply chain
  • Aggregation of demand, supplier rationalization, strategic sourcing, and enhanced supplier relationships
  • Use of paperless e-Procurement tools and e-commerce portals.
  • Reduced inventory cost through:
    • Cycle time improvement: Reduction of time from order to receipt
    • Reduction of carrying costs, warehousing, movement, obsolescence and shrinkage
    • Alternative inventory ownership agreements – retained consignment and VMI.


Source One has the experience and the resources.  We provide a series of performance improvement services to continually achieve greater procurement savings while improving operational effectiveness.

Source One offers a variety of proffessional services that can help your organization impact the bottom line. Click below to find out more. 

» Procurement Services

To find out more about procurement service providers, and how they can assist your organization, click the link below.

» PSP

Source One is completing new sourcing initiative with its clients every day.  Please contact us to disucss how we may help your organization.

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