Supplier Management

Our Services

As a company develops into a capable global competitor, it often restructures its supply base to optimize competitive advantages. The primary focus of the restructuring effort should be on the reduction of total cost, not purchase price. In addition to reducing total cost, improvements in supply base service, quality, reliability, and access to technology are also achievement goals.

WHY IS SUPPLIER MANAGEMENT CRITICAL NOW?

A nagging global recession and geopolitical uncertainty are prompting organizations to look beyond their four walls to maximize the value of their supplier relationships. More and more companies are beginning to look at suppliers differently, not simply as cost centers but as true business partners with expertise, assets and capabilities that can be used to create competitive advantage. Prompted by the desire to be viewed as value creating and strategically focused by their internal business unit customers, senior leaders in supply chain management have begun to focus on the challenge of how to better identify, gain access to and leverage supplier assets, expertise and capabilities that will support the strategic objectives of the business units.

HCMWorks has an industry award winning Supplier Performance Management program focusing on the following core components: Supplier Segmentation, Risk Management, Metrics Management, Expense Management, Performance Management, Demand Management, and Consequence Management. HCM has successfully implemented the Supplier Management program, which has resulted in both optimized performance and quality of supplier products and services and cost savings of up to 22% of the total spend in some Indirect Services categories.

For more information on Supplier Management Programs, please see our 4 Part Blue Print Series on Supplier Management Programs

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About HCMWORKS

Indirect Procurement intelligence beyond what our competitors provide:
We don’t just guide our clients on what they can achieve, we help them achieve it.

Beyond analysis and strategy, our teams of experts assist our clients by implementing successful change management and adoption programs that ensure sustainability and success.
Technology Agnostic. We don’t believe systems are a “one size fits all.” Our analysis of your firm’s expenditures reveals the best market solutions based on your corporate goals, cultural nuances and definitions of business success.
Create enterprise intelligence on a single platform for tremendous indirect procurement visibility.
Our programs can be deployed from analysis to implementation within 3-6months with a rapid return on investment.
Proof-of-Concept. We can start slow then move fast. Let’s collectively demonstrate
to all constituents what success can look like.