Our team will be ready to roll-up our sleeves and manage the complete sourcing process across the following steps:

• Scoping: Our team will partner with your procurement teams or business stakeholders in creating the scope for the sourcing initiative
• Stakeholder Identification and requirements management: We assist you at every step of the process in sourcing project management to combine inputs from across multiple internal stakeholders, including, legal, business teams, supplier management organization, information security or other needed quality/compliance teams as well as senior management stakeholders and decision makers
• Industry connects: Leverage CtrlSpend’s industry connects to provide external/peer inputs into designing the right scope and supplier long-list
• Supplier and Sourcing strategy: Large sourcing initiatives require meticulous planning on creating a long list of suppliers and subsequently planning on approach to shortlist/down select suppliers. Our team will assist you in Supplier discovery for specific/niche requirements and propose suppliers to be added in the mix for strategic or tactical reasons. CtrlSpend’s expert procurement professionals will partner with you in designing your supplier and sourcing strategy, together with phase planning and designing appropriate selection criteria at every phase
• Pricing models and Should-cost analysis: Our team will partner with you to build appropriate pricing models – fit for use to conduct fair evaluation of suppliers. To baseline the pricing, our team will conduct a should-cost analysis of the sourced commodity/product/service and provide margin dynamics/transparency for you to take the right calls.
• Comparatives and down-selection: Our team will prepare the comparatives leverage any tools you already have within your organization to build decision scenarios and cost-benefit analysis for each of the supplier selection scenarios. This exercise will drive decisions based on TCO analysis of commercial and contractual submissions from the suppliers
• Internal and Supplier Communication: One of the most crucial elements to ensure success of a sourcing exercise is communication. Internal alignment of messages to be communicated to suppliers by different levels of stakeholders and customized messages to be communicated based on supplier strategy is essential to drive envisioned outcomes. CtrlSpend team will help plan and launch communications across internal stakeholders and suppliers.