Strategic Sourcing
Aligning strategic relationships to
organizational goals
In today’s business environment, there are many types of agreements with a complex array of contract terms and provisions. Although having choices can give the client leverage, it can make these agreements difficult to understand and a challenge to ensure high value results.
Our contract experts negotiate strategic relationships that create long term value for the enterprise. We structure the entire transaction to meet each client’s unique goals. We also assess existing contracts to ensure that clients are getting the full value of those existing agreements. Perhaps most importantly, considering today’s heightened regulatory environment, we ensure that our clients remain compliant and minimize risk.
Our team of strategic sourcing consultants provides clients with an objective methodology for the selection of service providers and minimizes misaligned expectations between client and service provider. Our strategic sourcing analysts work closely with our affiliate law firm, Avasant Law, to negotiate contracts that reflect our client’s objectives, constraints, and risk tolerance. We provide the technical expertise to structure master services agreements, develop services statement of works, design the performance criteria, and determine pricing. We ensure that the client’s delivery strategy, performance and business terms are properly captured in a contract that is realistic and enforceable.
Contact us to learn more about our strategic sourcing services.
Successful outsourcing relationships involve change management that enables providers to meet their requirements while allowing midcourse corrections when needed. However, many relationships never fully meet expectations. Too often, the service implementation process is undisciplined, and miscommunication is the rule. There are poorly defined roles, KPIs, and expectations.
Avasant’s sourcing implementation solution helps clients navigate the inherent complexities of sourcing relationships. Our strategy roadmap details the steps necessary to realize a flourishing environment capable of managing critical priorities. One of our first areas of focus is on human capital and internal organizational culture. We assist clients with integrating a team of internal retained resources with both new and existing service providers. Our transition planning and execution oversight mitigates any disruption to the business. In order to realize long term goals, we develop a roadmap to achieve high quality governance and oversight. This approach reinforces the responsibilities of each party and ensures that the requirements of the contract are being met.
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Organizations face key challenges while executing their As a result, over 80% of all organizations today fail to successfully manage such mechanisms, and as a result, fall short in achieving their goals and objectives. Effective governance requires a proactive, process-based approach that measures progress and performance.
Avasant supports clients throughout the lifecycle of their partnerships to ensure performance and tangible financial results are realized. We work with internal stakeholders and external service providers, creating a comprehensive governance environment. Our governance approach comprises a robust program management process to foster alignment and track progress. Our governance consulting includes formal management of scope change and impact, tracking of contractual commitments and deliverables, and risk management. Our comprehensive solution ensures sourcing strategies are executed as planned in full alignment with the business objectives.
Contact us to learn more about our strategic sourcing services.