Strategic sourcing or strategic purchasing is a vital part of the value chain. In many industries, costs of purchased materials can account for as much as 60% of a businesses overall cost structure – this makes the sourcing of such goods a key decision making process with strategic importance.

RESCU Solutions can assist your business formulate a coherent strategy to take account of not only the present day situation and the local and present day players from a supply perspective, but also bring you a global sourcing perspective and how this plus the local market dynamics may change. Without this type of market intelligence, you may find yourself slow to react to new supply routes, slow to understand technological advances within your current or future supply base and ultimately you could find yourself falling behind your competitors from a cost perspective, from lack of innovation or from lethargy bringing new products to the market.

The way your company, no matter the size, behaves in its sourcing activities can also determine or influence the dynamics of the supply market and by consequence allow you to significantly outperform the market. The norm today is continuing consolidation of large suppliers and therefore the focus on the purchasing function will become even more critical.

To find out more about Strategic Sourcing from RESCU Solutions please contact consultancy@rescu-solutions.co.uk