MRO Strategic Sourcing
Since 1992, Source One’s Strategic Sourcing specialists have helped organizations optimize their approach to all categories of direct and indirect spend. Providing the resources necessary for more proactive, strategic, and informed sourcing, we make our clients’ cost reduction goals a reality.
Industrial Supplies Strategic Sourcing
Source One’s MRO sourcing team empowers clients to develop customized strategies for optimizing their Industrial Supplies spend. Overseeing the spend analysis process, supplier benchmarking, and contract negotiations, we make it easy to both satisfy end-user requirements and achieve world-class pricing in all of their Industrial Supplies purchases.
Strategic Sourcing for Industrial Supplies
Lab Supplies Strategic Sourcing
Our Procurement and Strategic Sourcing experts enable clients to plan and execute cost savings initiatives and derive greater value from their Lab Supplies and Services providers. We work directly with your internal Procurement team to assess your organization’s historical purchasing and unique MRO needs. Together, we’ll establish partnerships with world-class vendors and realize savings without sacrificing quality.
Strategic Sourcing for Lab Supplies
Packaging Strategic Sourcing
Source One’s Procurement and Strategic Sourcing team empowers clients to optimize their approach to Packaging spend. Our cost reduction services provide access to proven best practices, years of market intelligence, and cutting-edge sourcing technology. With our support, clients realize hard dollar MRO savings, develop more efficient processes, and establish more strategic relationships with their Packaging providers.
Strategic Sourcing for Packaging
Electrical Supplies Cost Reduction Support from Source One's Procurement and Strategic Sourcing team.
Source One’s MRO Strategic Sourcing experts empower organizations to optimize their Electrical Supplies spend.
Comprised of wiring, cables, fuses, electrical distribution equipment, lighting supplies, industrial automation supplies, and all other ancillary electrical hardware, the Electrical Supplies sub-category is a diverse and critical component of any organization’s MRO spend.
Strategic Sourcing initiatives in the Electrical Supplies category are typically complicated by category overlap. Depending on your organization’s industry, these purchases might straddle the line between MRO and Facilities Management. Additionally, purchases within the Electrical Supplies category include a blend of both direct and indirect materials.
That’s just the tip of the iceberg for companies looking to get a better handle on their Electrical Supplies spend.
Challenges of Electrical Supplies Strategic Sourcing
For Procurement professionals, conducting a Strategic Sourcing initiative in the Electrical Supplies category generally means contending with category overlap, decentralized purchasing structures, and a lack of standardization across sites. Organizations that have historically taken a hands-off approach to MRO spend or pursued inefficient quick-win opportunities will find it even more challenging to promote efficiency and meet their MRO cost reduction goals.
In the Electrical Supplies category, the market for substitutes is sometimes less robust than within other MRO spend areas. The overwhelming number of niche Electrical Supplies providers can make it challenging for Procurement teams to develop an optimal supplier mix. Organizations that operate multiple sites tend to decentralize their approach to Electrical Supplies Strategic Sourcing. As a result, they fail to effectively leverage spend throughout the category and suffer the consequences of poor standardization. Few organizations possess the expertise necessary to negotiate a better price through their Electrical Supplies providers’ distribution networks. Though Electrical Supplies often represent a large portion of annual MRO spend, recurring purchases are rare. Organizations simply are not used to conducting Strategic Sourcing initiatives in the category.
Electrical Supplies Strategic Sourcing with Source One
Our strategic sourcing specialists have spent years developing custom Electrical Supplies programs for our clients. Armed with a wealth of market intelligence, we empower our clients to achieve the maximum possible value from their Electrical Supplies suppliers. Providing for both Strategic Sourcing program optimization and Electrical Supplies vendor consolidation initiatives, we realize an average of 7-10% spend within the category.
- First, our strategic sourcing experts will conduct in-depth interviews with stakeholders and incumbent Electrical Supplies supplies to better understand your organization’s unique needs. Our Electrical Supplies market evaluation will take into account any specialized requirements and cost reduction goals.
- Next, our team will conduct a thorough spend analysis to understand your historical approach to Electrical Supplies Strategic Sourcing, develop a pricing baseline, and better tailor our cost reduction recommendations.
- Then, our strategic sourcing specialists will survey the market for Electrical Supplies suppliers capable of meeting your quality standards and meeting your short and long-term cost reduction goals. They’ll take care to assess suppliers with numerous product catalogs and business models to develop an optimal sourcing strategy.
- Finally, our consultants will manage negotiations with best-fit Electrical Supplies suppliers. We’ll help reach agreements that will establish competitive pricing without sacrificing quality or establishing volume commitments. Our Strategic Sourcing team even offers ongoing savings compliance tracking to ensure our efforts produce long-term value.
Contact our Electrical Supplies Strategic Sourcing Experts