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
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).
- Benefits and insurance
- Freight and logistics
- Health care & life sciences
- Low cost country
- MRO
- Office supplies
- Professional services
- Telecommunications
- Travel
- Utilities
Procurement Advisory
- Procurement Transformation
- Supplier Relationship Management
- M&A Advisory
- Diversity & Minority Spend
- Procurement Training
- Staffing & Recruiting
Strategic Sourcing Services
- Spend Analysis & Opportunity Assessment
- Category Management Services
- Strategic Sourcing Execution
- Cost Reduction Services
Finance Advisory
- Finance Transformation
Digital Transformation
- Procurement Technology Advisory
Develop and execute category strategies to drive innovation and build competitive advantages
Since 1996, Corcentric has provided customers a competitive advantage with the expertise of our team and advanced capabilities— and consistently earning industry recognition for it.
Resources
Our latest insights
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