Supplier sourcing is a process in which we harness the skills of the supply industry to best optimize sustainable and competitive advantages for our customers. Our process develops a secure and responsive supply base that is capable of providing quality, delivery, costs, technologies, flexibility and services to meet the current and future business needs of our clients. Supplier sourcing is not a solo effort. We partner with our clients to drive value creation by leveraging our mutual time, knowledge-base, sourcing experience, resources and tools. Our cost reduction initiatives include benchmarking current spends against the marketplace, spend analysis, supplier identification and qualification, strategic sourcing event management, negotiation with suppliers, and process/compliance improvement including CYC-Sourcing and CycBiz easy payment method as appropriate.

· Aggregated spends 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 Analysis
· Recommended strategic sourcing strategies for cost reductione
· Development and management of RFX or Reverse Auction events
· Bid analysis and score-carding
· Recommendations for supply change
· Final contracting and negotiations
· Implementation support
· Ongoing audit and continuous improvement monitoring