Global Strategic Sourcing
For the last 20 years, Hudicor has supported many companies in setting up and executing global strategic sourcing projects covering a wide range of spend categories.
Our client list includes multiple billion-dollar companies, with whom we have an 85% client retention rate. We are known for achieving consistently good results and having a strong ability to assess risks and collaborate with suppliers effectively.
Procurement savings directly impact the bottom line and have a significant impact on the financial performance of our clients. We are proud of our track record of delivering bottom line savings ranging from 5% to 30%. And actual savings were even higher thanks to total cost of ownership (TCO) added value delivery.
Global strategic sourcing as a key value driver
Global strategic sourcing has been a significant driving force behind the development and expansion of the global economy. Today, new challenges and risks have emerged as a result of the Covid-19 pandemic and increased global trade tensions.
However, global strategic sourcing is still a key component of company success. Known to be essential in ensuring competitive prices whilst not compromising on quality, global strategic sourcing has benefits that go far beyond cost optimisation. Companies receive access to advanced or alternative skills, along with resources and technologies that are not readily available in their home country. By adopting global strategic sourcing, companies can maintain or improve their competitive position even with the current inflation, political conflicts and increased risk exposures.
The importance of a solid methodology
At Hudicor, our robust, proven methodology is based on total cost of ownership. We analyse every aspect of the spend category, determine the appropriate sourcing strategy, and deliver the best outcome.
Working with a cross functional team means we can focus on more than just the purchase price. Instead we consider all short- and long-term factors and make or buy scenarios. We investigate every possible opportunity to reduce total cost of ownership.
And when we are happy with the approach, we implement a comprehensive sourcing process, with rigorous pricing models, transparent criteria, robust contracts, and clear governance that will ensure sustainable supplier management that continues to deliver significant value for years to come.
Global strategic sourcing can be initiated in two different ways. We can analyse your whole spend portfolio and identify priority categories, where large or easy to deliver opportunities can be seen. Or you can choose a high profile spend category and carry out global strategic sourcing to both deliver value and verify the concept. Whichever approach you choose, Hudicor is ready to help you achieve your objectives.
Achieved Savings
Interested in accelerating procurement performance and savings?
