Outsourcing and Procurement
Many firms look to generate rapid bottom line improvements through reducing purchasing spend. This often takes the form of reducing spend per commodity or category (Category Sourcing), often following a Strategic Sourcing diagnostic. More advanced firms also address Total Cost of Ownership of a category or commodity, and use Outsourcing or Supplier Partnerships to capture more strategic benefits.
Sourcing and Outsourcing is an area of particular strength for Pathfinders. Our associates are senior procurement professionals and interims, who apply a combination of robust methodology and significant experience to generate benefits. We routinely deliver savings above expectations. Typical savings for category sourcing are in the range of 15 - 25%, and for long term strategic sourcing/ partnerships, are in a range of 20 - 50%.
Our full service solutions include Benchmarking of costs and service levels; Strategic and Category Sourcing; Outsourcing, including Offshoring and Nearshoring, and Supplier Partnerships and Supplier Relationship Management (SRM). Our specialist services include Purchasing Turnaround; Ethical Sourcing/ Trading audits, and Interim Purchasing Managed Services for SME's and firms wanting short to medium term interim support. We have significant Lifesciences industry experience.