Strategic Sourcing and Spend Management

Spinnaker’s end-to-end sourcing and spend management services help clients simplify and standardize procurement practices, take advantage of proven sourcing tactics that deliver cost savings, balance inventory levels, and ensure materials meet quality specifications.

• Spend Analysis
• Supply Market Intelligence
• Sourcing Strategies and Sourcing Execution
• Category Management
• Spend and Demand Management

Strategic Sourcing

Strategic Sourcing involves finding ways to use supplier capabilities to drive sales, leverage the purchasing spend to achieve and/or maintain competitive advantage, and use the supply market to strengthen the company’s strategic position.

To make the most of buying power and minimize vulnerabilities in supply, companies should assess and segment purchased materials, services, and components in terms of importance to the organization and difficulty in accessing the materials. This segmentation process allows purchasers to take a more strategic perspective on the management of the supplies and the supply base while applying more appropriate cost management tools and negotiation strategies.

Spinnaker brings a seasoned and structured approach to analyze and categorize a client’s spend, apply meaningful market intelligence, develop creative but cost-effective sourcing strategies, and help execute on those strategies.

Spend Management

Spend Management involves companies controlling how they spend their dollars. Controlling demand, optimizing internal uses of products or services, and finding new ways to manage how products are ordered and used – these are all mechanisms by which a company cannot only  save money but also control costs.

Spinnaker develops and helps clients implement spend management programs that go beyond just finding the supplier with the best value and helps clients manage how to spend money to the end effect in order to produce products and services.