Our Strategic Procurement approach recognizes that vendors vary significantly and require tailored strategies.
By evaluating market complexity, negotiation nuances, and spending, we help categorize your vendors into four types: Strategic, Critical, Leverage, and Acquisition.
Each category requires a unique approach, and we assist you in developing actions that align with each vendor type.
- Vendor Categorization and Strategic Objectives: We work with you to categorize your vendors and tailor strategies that align with your procurement goals and the dynamics of each vendor relationship.
- Develop a Vendor Portfolio Strategy: We promote a portfolio approach to vendor management to shift more vendors into the Leverage category, where your negotiation power is higher. This strategy helps maximize your negotiation strength and maintain a balanced vendor portfolio.
- Aligning Negotiation Talent with Vendor Types: We assist in deploying the proper negotiators for each vendor type. You can maximize value by focusing your top talent on Strategic and Leverage vendors. We help manage risks for Critical vendors, while for Acquisition vendors, we optimize efficiency using fewer resources.
- Building Corporate Negotiation Capabilities: We help you build a corporate negotiation framework with standardized models, aligning processes, tools, and best practices to enhance negotiation effectiveness and gain a competitive edge.
Based on the state-of-the-art strategic Category Management principles, this method aims to enhance procurement practices and drive superior outcomes and long-term success.