Achieved Savings

Velocity has helped clients improve their sourcing programs allowing them to realize significant cost savings, increase sourcing efficiency and enhance supplier relationships.

Some of our recent client results include:

Sourcing Spend Volumes
by Top Portfolio

Professional Services
$ M
Technology & Telecom
$ M
Custom Manufacturing
$ M
Technical Services
$ M
Marketing & Advertising
$ M
Direct Materials & Services
$ M
Vehicles & Fleet Management
$ M
Logistics & Freight
$ M
MRO & Packaging
$ M

$765M

Total Savings
Realized

4,685

Suppliers

Enabled

8.4%

Active Suppliers Enabled

12.9%

Average TCO
Savings Achieved

545

Sourcing Projects Successfully Delivered

$5.9B

Client Spend
Managed

About Strategic Sourcing

Strategic Sourcing is a procurement process whereby category managers work closely with internal stakeholders and suppliers to optimize cost savings balanced with value, while aligning to the overall business strategies of the enterprise.

The approach is founded on a detailed understanding of both the spend profile of the organization, as well as of the supplier market.

Our is Savings Desk continually grows their knowledge to deliver ongoing improvements to our client organization’s procurement and supply chain performance.

Typical Sourcing Levels

  • Competitive bidding
  • Price benchmarking
  • Volume discounts
  • Buying power
  • Reverse auction
  • Build vs buy
  • Demand planning
  • Supplier consolidation
  • Risk management
  • Supplier innovation
  • Outsourcing
  • Compliance
  • GPO
  • Service levels
  • Inventory management
  • Logistics integration
  • Performance penalties
  • Agreement terms
  • Data mining
  • Globalization

Striving for Best in Class

7.1%

Sourcing Savings

45

Sourcing Cycle Days

Source: Hackett Group Benchmark

Benefits of Automation

%

eSourcing Automation Increases Sourcing
Throughput by nearly 3X

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