Turbocharge Your Next Sourcing Project.
A successful sourcing project must optimize the right combination of business requirements, market conditions, and supplier capabilities.
And yet… it is not realistic to expect procurement organizations to have the full breadth and depth of expertise required to maximize success across all major purchases.
Today, we launched the Palambridge Sourcing PowerPack, a strategic productized service package that offers a low-risk entry point for the Palambridge on-demand delivery model. The PowerPack provides clients with access to the expertise they need when they need it – maximizing value while minimizing the risk of strategic sourcing projects.
Palambridge Sourcing PowerPack.
Our Sourcing PowerPack brings micro-consulting to strategic procurement. Each package provides 4 credits that can be redeemed against the following activities:
Sourcing Strategy Consultation & Validation:
Our SME provides sourcing strategy recommendations by combining key stakeholder interviews with their knowledge of the supply market trends, key suppliers, and disruptive forces.
This is perfect for those projects where you do not have a relevant subject matter expert on staff but want to ensure that your sourcing strategy capitalizes on the opportunities of the supply market in question.
Supplier Negotiation Strategy:
Our SME reviews each supplier’s RFP responses and your RFP analysis to provide an opportunity assessment, negotiation strategies, tactics, and recommended actions. The SME will be available to provide limited ad-hoc email support to guide your team through the negotiation process.
This activity ensures that you – and not the supply market – are in control of negotiations. It is a great fit for sourcing projects that benefit from having a subject matter expert identify negotiation levers, the nuances of negotiating with specific suppliers, and the opportunities that exist to negotiate reduced pricing and/or increased deliverables based on the responses received.
Contracting & Redline Strategy:
Our contracts SME will provide guidance on recommended contracting strategies before an RFP is issued, will review the initial redlined MSA & SOW for your preferred supplier, and will provide ongoing support to guide your team through the contracting process.
Procurement organizations with limited internal legal support or lacking subject matter expertise in house will benefit from having contracting experts available on-demand. Having the right support will quickly identify contracting strategies and specific risk minimization priorities to speed sourcing cycle times and improve outcomes.
How Is the Sourcing PowerPack Delivered?
Each activity is delivered by a member of the Palambridge Circle of Experts or through our pre-vetted partner ecosystem and is overseen by your Palambridge Account Manager.
Once you have identified the sourcing project to redeem one of your 4 credits against, we then identify the best resources from the Palambridge Virtual Platform to deliver support.
Your Account Manager is accountable for the success of each activity.
How Much Does the Sourcing PowerPack Cost?
The Palambridge Sourcing PowerPack costs $16,950 for 4 credits. Each credit can be redeemed for a single activity based on your individual project needs. All credits must be redeemed by December 31st 2017.
The Palambridge Sourcing PowerPack was designed as a low risk opportunity for you to test drive the capabilities of the Palambridge Virtual Platform and experience the benefits of strategic procurement on-demand.
To learn more about how the Palambridge Sourcing PowerPack can turbocharge your next sourcing project, contact us today.