Strategic sourcing guides the evaluation and selection of suppliers which provide innovation, competitive costs and low risks. At Adventus, we believe that supplier selections and purchasing decisions should always begin with clear intent. Strategic sourcing is about defining value created for the company in terms of quality, delivery, service levels, growth, cost and risk. Utilizing a category management framework, we help companies understand how the market structure impacts cost drivers, capacity constraints and supplier performance.
Optimize spend across categories using benchmarking and should-cost modeling to drive efficiency and savings.
Utilize category management sourcing process to achieve business objectives.
Align sourcing strategies with financial goals for sustained savings.
Strengthen supplier relationships to enhance performance and ensure continuity.
Identify potential vulnerabilities in the supply chain and implement strategies to mitigate risks proactively.
Incorporate sustainability, ethical sourcing, and governance initiatives to align with corporate responsibility goals and create long-term value.
Clarifying quality, delivery, service, financial and other sourcing parameters helps both a company and supplier define value created during the transaction. Teams with budgets to spend can, and often, find suppliers to engage and spend money. Suppliers, knowing who has purchasing authority, will continue to serve their customers directly growing their own business. Development of category plans and reporting capabilities helps companies properly manage their expenditures, supply risk and growth.
Reduced costs by 18% for outsourced BPO and technology services through comprehensive sourcing effort for a midsized biopharma company. Collaborated with team members from R&D, PV, IT and Finance to conduct RFI, RFP and finalize executive proposal.
Conducted request-for-proposal (RFP) for fill, finish and packaging contract manufacturing organization (CMO) services for pharma client. Working with technical operations, quality and the leadership teams defined issues with current supplier, required attributes, qualification process and timing. Led evaluation process, pricing negotiation and transfer schedule development to meet aggressive budget and timeline.
Corporate card consolidation initiative for newly merged North American operations. Working with treasurer, procurement and executive leadership teams defined use of corporate card payments – physical and virtual – to manage purchases, payment terms and rebates.
Conducted RFP for freight audit and pay services for recently divested North American based industrial manufacturing entity. Led development of RFP, analysis, negotiation, contract management and implementation process. Implemented new service within constraints of Transition Service Agreement (TSA) timeline.
Deployed supplier management process for clinical and pre-clinical studies. Through process identified detail list of cost drivers: project activities, monitoring visit requirements, data management and biostatistics requirements. Working with clinical team and suppliers, reduced project costs through management of service fees, pass through costs and investigator grants.
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