Expert Strategic Sourcing Guidance for Your Worldwide Supply Chain
Developing a robust Global Supply Chain Strategy is essential for any business aiming to maximize growth and profitability. Without a well-structured approach that includes benchmarking and internal alignment, strategic sourcing efforts often fall short, leaving significant opportunities for savings and efficiency untapped.
While it’s tempting to blame global challenges, legacy systems, or outdated procurement methods, upgrading systems and refining processes require considerable resources. To truly capitalize on these investments, companies must start with benchmarking against industry leaders and ensure procurement strategies are fully aligned with overall business objectives.
Driving Success Through Global Sourcing
At LVP Consulting, we transform global strategic sourcing into a powerful competitive edge. Our expertise lies in guiding organizations to revamp their global procurement and sourcing strategies, enhancing efficiency and boosting profitability. By combining your industry knowledge with our supply chain consultants’ experience, we deploy our 11-Step Phase Gate Process, evaluating hundreds of purchase categories and uncovering key opportunities to unlock hidden value within your supplier relationships. To date, this proven approach has delivered over $20 billion in procurement savings, fueling continued client success.
Over 90% of Fortune 1,000 companies have embraced strategic supply chain initiatives, with many partnering with LVP. Our dedication to collaboration, comprehensive training, and hands-on implementation ensures tailored sourcing solutions that drive significant financial results and lasting growth.
Our Methodology for Global Strategic Sourcing:
- Emphasizes comprehensive total cost management
- Delivers measurable results and margin improvements
- Utilizes benchmarking against industry leaders
- Identifies opportunities for low-cost country sourcing
- Builds and leverages cross-functional teams
- Transforms supplier relationships into strategic alliances
- Focuses on complex and challenging purchase categories
- Leverages extensive international purchasing expertise
- Includes tailored sourcing strategies for private equity clients
