The results of any strategic sourcing project cannot be evaluated to a proper degree without proper spend analysis and baselining. Grayhorns provides strategic sourcing strategies for reducing cost and increasing profit through changes in business processes. This cost reduction plan includes comparing recent spends with the marketplace, supplier evaluation and certification, negotiation with suppliers, improving procurement processes and the use of online sourcing and procurement solutions.

Grayhorns employ best practices in helping its clients get rid of unnecessary processes and the introduction of standardized procurement processes such as e-Procurement tools in reducing the cost of procurement to a minimal low. Statistical report indicates that organizations that have implemented online (Internet) procurement processes have recorded a high reduction in purchase requisition processing, and carriage cost, warehousing, materials handling, and obsolete products were significantly reduced. Grayhorns process re-design consulting services can improve the procurement process and the entire supply chain operations, and also reduce minimally the cost of procurement.

Grayhorns has drawn from its vast professional experience and resources to continually improve the quality of its operations. We have also put in place topnotch processes and professional supplier management to cut down cost by:

• Getting rid of non-value adding processes.
• Increasing efficiency throughout the supply chain.
• Supplier relationship management, combination of differing demands, and supplier change management.
• Use of online portals for procurement.
• Cutting down cost on inventory.

For Organizations to reduce the cost of inventory, they have to put in place the right inventory at the right time and at the right price. This is achieved by implementing improved demand forecasting analytics; comprehensive demand and replenishing strategies that help ensure optimal customer service levels at an appropriate inventory investment.

For Organizations to have a competitive advantage and be successful within an ever changing competitive marketplace, it is necessary that they implement complete and thorough procurement strategy. As a Procurement Services Provider, Grayhorns has the professional know-how and experience to assist your organization in developing procurement techniques that are cost effective, return on effort, and return on time driven to support your critical business goals.