To ensure success, TSI follows a highly disciplined four-phased process honed through years of experience:
Opportunity Identification Phase
- Agree on scope of engagement and success criteria with the client
- Collect client data on high value / high volume / high probability materials and services
- Collect expense history data and supply agreements for incumbent supplier(s)
- Identify supplier service requirements, sensitivities, and constraints
- Present initial recommendations for execution to client
Planning Phase
- Negotiate with incumbent supplier(s) and alternate suppliers
- Present recommendations to client and agree on implementation strategy
Execution Phase
- Implement strategy regarding negotiated terms with incumbent supplier or facilitate supplier change as directed by client
- Establish key performance measures for suppliers
Monitor and Reporting Phase
- Document and measure price adjustments and quantities utilized as part of cost savings plan
- Ensure client is satisfied with supplier performance; facilitate improvement as necessary
- Report cost savings to the client on a regular basis
Learn about some of the benefits of partnering with TSI for your procurement cost reduction activities.
