Strategic Sourcing Process
M.F. Irvine Corporate Solutions follows an established 6 step sourcing process proven to minimize the time requirements on our clients' part, while maximizing the deliverables on our part. From Data Collection on through to Vendor Management, we act as the legs to drive the engagement, while ensuring your invaluable input is gathered throughout the process such that we are sure to meet your specific goals and objectives.
Expense Assessment
M.F. Irvine's Expense Assessment begins by gathering 12 months of non-payroll accounts payable information, and within several weeks, we will complete a comprehensive Assessment of your current purchasing situation detailing:
- Expenditure categories
- Active vendors within categories
- Contractual obligations
- Competitiveness of current price points versus market benchmark
- Initial savings opportunities
- Roadmap to deliver savings
Using the information gathered in the Assessment, we will launch a strategic purchasing project specifically geared toward your company goals and objectives. As part of this initiative, we will:
- Collect and analyze all necessary data
- Develop strategies for savings and quantify opportunities
- Execute the identified strategies
- Assist in: final supplier decision; contractual negotiations; supplier implementation
We are sensitive to the high costs traditionally associated with strategic sourcing engagements. We have therefore developed two payments plans from which our clients can choose, both of which hold us accountable for delivering quantifiable results.
- Guaranteed Return on Investment
A monthly fee is negotiated and paid during the project where we guarantee a multiple of the fee in savings
- Percentage of Savings
No fees are paid during the project and at the end of the project, we receive a percentage of the total savings identified and agreed to by you.
