Strategic Sourcing Solutions for Manufacturers

Strategic Sourcing

In today’s manufacturing environment, supply chains are increasingly complex. Those chains are also substantially exposed to the risk of disruption and sudden cost fluctuations. A data-driven approach to procurement that helps you identify the best partners and practices is essential. Today, a strategic sourcing process is a must-have resource.

At Reliant Worldwide Plastics, we can provide extensive support for strategic sourcing in supply chain management and can provide on-site staff for your benefit. We can also establish a remote portal at our facility to provide strategic sourcing services that align with your needs. Learn more about these capabilities and our multifaceted plastic services.

What is Strategic Sourcing?

In a typical approach to sourcing materials or components, a business may prioritize the price at the date of purchase. It often seems the best strategy to seek the best deal you can get. Strategic sourcing happens when you source orders with cost-savings in mind. The overall goal of strategic sourcing is to achieve a lower total cost, not just on each order but across the entire process.

Strategic sourcing enables you to manage your costs more effectively. In-depth negotiations with suppliers can guarantee better quality and consistent outcomes from every order. Continuously evaluating your best options and making changes as necessary also mitigates potential supply chain risks. The right strategy helps you hedge against uncertainty while improving the outcome of your work.

Benefits of Strategic Sourcing

By adopting strategic sourcing best practices, you can improve your bottom line. Ultimately, you can even achieve better results for customers or clients. While saving on costs is the primary goal of strategic sourcing, it’s only one of multiple benefits. Strategic sourcing impacts multiple areas of business:

Finances: Negotiating better contracts and agreements under a strategic sourcing process helps you prioritize and align with your financial goals. This minimizes the total cost of ownership across the board, helps companies find savings beyond the purchase price, and produces long-term value.
Partnerships: Strategic sourcing pushes you to find suppliers that align with your needs and can achieve performance at the highest levels.
Product quality and production outcomes: The best quality doesn’t always have to be the most expensive option when you work with a strategic sourcing specialist.
Operations: Strategic sourcing enables a flexible operations model that allows you to adapt as needed. As a result, supply chain hiccups and interruptions will have less downstream impact.

Reliant Worldwide Plastics Strategic Sourcing Services

At Reliant, supporting our partners through strategic sourcing services is one of our core areas of focus. With decades of experience and worldwide connections, our deep understanding of strategic sourcing and procurement sets us apart. Here’s a quick look at how you can turn to us for help:

Global and Domestic Sourcing: Through our strong ties to organizations across APAC and NAFTA, we understand the current supplier landscape. Let our team help you identify the best domestic and international suppliers to source products most economically.

Customs Clearance and Delivery Support: Working with international suppliers creates new challenges for product movements. Reliant has a distinct understanding of these demands. Let us handle your customs clearance requirements to activate faster deliveries.

Accurate Export/Import Documentation: Confirm that your paperwork is consistently correct. With experience in import/export from APAC, EMEA, and NAFTA nations, we understand the specific requirements so you don’t have to. For better results, let us liaise with overseas customers, freight forwarders, banks, and customs brokers on your behalf.

Warehousing and Distribution: Get your goods to the intended place on time. Maintain appropriate stock levels and inventory as needed in strategically located warehouses. Reliant has a proven track record in solutions tailored to meet the needs of customers with complex storage and distribution requirements.
Inventory Management: Let us assist in designing the most sensible approach to storage and inventory staging. Ensure you maintain accurate inventory levels and a clear picture of when to order additional products.