Strategic Sourcing of Raw Materials & Packaging: More Savings, Better Terms, Better Supply Chains.
Strategic sourcing is a procurement strategy that aims to manage the supply of materials at the right cost for both current and future material needs, while delivering solutions that mesh with your company’s objectives. It’s driven by an understanding of suppliers and costs in addition to knowing what will add value to your supply chain.
Provident Spend Management has over 20 years of experience in this field and our team members have held roles on both the purchasing and consulting side of operations.
They work along side your procurement teams to reduce supply costs through an interaction of proven techniques and market knowledge, allowing your business to reduce spend in packaging and raw materials. Together we can ensure your supply chain has a stable supply of materials now and in the future in a way that meets your company’s business objectives.
Our capabilities include:
We’ll help you source packaging materials necessary for your product.
From commodities to miscellaneous ingredients, we’ll help you cut direct material costs.
Master Distributor Program
We’ll help you consolidate shipments for a more efficient supply chain.
The Provident Advantage
We understand that you already have an internal procurement team, but having an outside, objective view can only help. Plus, we won’t charge you for an analysis of your current spend so there’s really no reason not to call us. The difference between Provident and your internal team is our reputation with suppliers, our focus, and our experience. Spend management and strategic sourcing take up 100% of our time, therefore making us a part of your team sends a signal to suppliers that you are conducting a fair, open, and professional inquiry into sourcing options. Our history of savings, with both incumbents and new sources, is something no internal team has. Together, with both your team’s knowledge of your products and needs and our strategic approach, your company will end up with a sourcing strategy that best positions you for the future.