The Prestige Economics Cost Leadership Center has a distinctive approach to strategic sourcing, which is tailored to your unique needs. We have helped our clients with solutions ranging from quick-hit initiatives for select categories to comprehensive assessment and improvement programs.
Rapid Savings
Some clients know exactly where the money is, and we can get it. Prestige Economics uses category experts to conduct immediate sourcing activities to achieve savings now.
Quick Diagnostic and Sourcing
We use proprietary scorecards to identify top opportunities, and quickly start executing sourcing of the highest ROI categories.
Comprehensive Program: Full Assessment and Improvement
We conduct a spend analysis to prioritize categories based on criticality and impact, then plan and execute multiple sourcing waves to achieve savings exhaustively.
Our Toolkit:
- Reverse auctions
- Electronic RFx implementation
- Contract Management System (CMS) implementation
- Creation and implementation of policies & procedures
- Global and low cost country (LCC) sourcing
- Proprietary diagnostic scorecards
