Strategic Sourcing Services

Drive sustainable value creation through our leading strategic sourcing and procurement cost reduction tools, services, and resources

Since 1992, Corcentric has partnered with customers to optimize strategic sourcing efforts and achieve greater savings, better supplier relationships, and competitive advantages

Strategic sourcing is not a solo effort: Corcentric Strategic Sourcing consulting services partners with clients, from small to mid-market and the Fortune 1000, to drive value creation by leveraging our mutual time, knowledge-base, sourcing experience, and resources, as well as tools like Corcentric Sourcing and Corcentric S2P Platform.

Whether you require resources, subject matter expertise, technology solutions, or access to critical marketplace data, Corcentric can assist you in any part of your procurement project. Our Strategic Sourcing consulting services include benchmarking against the marketplace, supplier identification and rationalization, RFX management, contracting and negotiations, and procurement process improvement, including Source-to-Contract and Procure-to-Pay solutions.

Corcentric Strategic Sourcing harnesses the skills of
the supply industry to best optimize sustainable and
competitive advantages for our customers

Outsourced Contract Management

Supply Base Development

The Corcentric process develops a secure and responsive supply base that is capable of providing quality, delivery, costs, technologies, flexibility and services to meet your current and future business needs — whatever your size or industry.

Cost Reduction Initiatives

Our Strategic Sourcing process starts with benchmarking your current spend against the marketplace, as well as spend analysis, supplier identification and qualification, strategic sourcing event management, supplier negotiations, and process/compliance improvement, including e-Sourcing and Procure-to-Pay solutions as appropriate.

Category Management

Since 1992, we’ve built a database of price points covering hundreds of categories. Our goal is to help you obtain savings faster while improving all qualitative aspects of supplier relationships. You have the flexibility of choosing Corcentric’s fee-for-service model, or you can lower your risk by choosing a contingency based (gain sharing) plan.

Strategic Sourcing Solutions

Along with cost reduction and strategic sourcing services, Corcentric is a recognized leading Procurement Service provider delivering custom project-based and full BPO sourcing solutions for clients of all sizes. Corcentric provides on-demand resources (people, subject matter expertise, and technologies) to assist clients in achieving savings faster while increasing quality of service.

Procurement Industry
Thought Leadership

Corcentric Strategic Sourcing expertise is specific to sourcing and supply chain initiatives, with a team of procurement and sourcing industry thought leaders. We’re frequently published in mainstream media, news outlets and other industry publications, and published the first strategic sourcing handbook, Managing Indirect Spend.

Broad Strategic Sourcing
Spend Categories

We can help with your strategic sourcing, cost reduction or benchmarking needs in spend categories that range from raw materials to circuit board manufacturing equipment, professional services contracts, custom IT software development initiatives, and dozens of others — we’ve sourced it all (see Sample Savings Percentages).

Optimize your strategic sourcing process and capabilities by leveraging Corcentric’s full Strategic Sourcing toolset

Aggregated spend by commodity and category
Current contract costs,
terms, and conditions
Product specification including quality, availability and service requirements
Understanding of all fixed and variable cost drivers for total cost of ownership
Current Market
Recommended strategic sourcing strategies for cost reduction
Development and management of RFX or Reverse Auction events
Bid analysis and
for supply change
Final contracting
and negotiations
Ongoing audit and continuous improvement monitoring

Develop and execute category strategies to drive innovation and build competitive advantages