Our 11-Stage Gateway System

From early strategic planning to final implementation, LVP supports you at every stage. We track success in real cost reductions and client satisfaction, ensuring our Consulting Services drive tangible growth for your business

Step 1: Evaluating Potential Opportunities

Client teams start by collecting spend data, consulting with various departments, and analyzing current capabilities to accurately gauge potential benefits. This data-driven approach helps both LVP and our clients identify, evaluate, and prioritize cost savings, training needs, and other growth opportunities

Step 2: Vendor Market Analysis

Our experts scour the global market to identify ideal suppliers tailored to each client's unique requirements. This vital phase enhances competitive benchmarking, drives supplier diversification, and strengthens negotiation leverage by evaluating both new potential partners and existing vendors.

Step 3: Crafting Supplier Profiles

Clients develop RFQ and RFI profiles which solicit the specific information needed for the cross-functional client team to make data-driven decisions on a supplier’s ability to be a viable longterm supplier. This is the initial phase of data collection from suppliers, which provides market intelligence on the category and is leveraged to determine best practices.

Key Activities: Internal Site Visits-Detailed Category Analysis | RFQ Development | RFI Development

Step 4: Supplier Showcase

Client leadership and key stakeholders convene to generate momentum and present the strategic sourcing initiative to supplier executives, fostering competitive dynamics and knowledge-sharing among vendors.

Step 5: Supplier Profile Evaluation

Clients assess finalized supplier profiles through standardized comparison to shortlist vendors, gain market insights, and establish tailored baseline goals for negotiations.

Step 6: On-Site Supplier Evaluations

While cost matters, quality is equally critical. Clients conduct on-site visits at shortlisted suppliers' facilities—both new and current—through detailed tours and direct meetings to validate profiles, assess capabilities, strengthen partnerships, and expand market insights.

Step 7: Pre-Negotiation Planning

Client teams undergo weeks of training and workshops to ready themselves for negotiations. Insights from supplier profiles and facility tours establish elite benchmarks across all key discussion points for the upcoming talks.

Step 8: Supplier Deal Discussions

Client leadership meets with supplier executives to negotiate 30+ key points, assessing each vendor's capacity to fulfill all objectives. Agreed terms are formalized in a Memorandum of Understanding outlining future business conditions.

Step 9: Vendor Award Decision

Client teams analyze all gathered data to choose suppliers providing the optimal balance of lowest total cost and highest overall value for the sourced products/services.

Step 10: Operational Rollout

LVP continues supporting clients during contract execution, collaborating with chosen partners to develop implementation strategies. Stakeholders receive updates through written communications, calls, webinars, and live meetings to ensure project success.

Step 11: Partner Performance Oversight

LVP deploys tools, reporting systems, and resources to enable ongoing collaboration and support. Key focus areas include value engineering, new product development, cost reduction, product streamlining, inventory optimization, and quality enhancement teams.