Effective sourcing and procurement is essential to the success of all organizations. Without careful attention to costs, an organization faces a higher cost structure and is therefore at a competitive disadvantage.
The Claro Group’s Sourcing and Procurement practice is focused on assisting our clients in identifying capturing and sustaining savings opportunities. Our professionals bring strategic, proven solutions to complex sourcing and procurement issues, such as:
- Increasing non-labor costs
- Pressures to reduce costs for both indirect and direct materials and services
- Decentralized operations and buying
- Lack of spend visibility
- Presence of too many suppliers
- Outdated technology and processes related to the requisition-to-payment process
- Management of supplier relationships
- Ineffective organizational design
An effective procurement function should be designed and managed to address the key sourcing processes. The Claro Group takes a holistic approach to procurement to ensure that goals and objectives of the procurement professionals are aligned with the mission and strategy of the organization.
We understand the people, infrastructure and underlying technology supporting the six key processes:
- Spend Analytics
- Demand Management
- Transaction Execution
- Contract Compliance
- Supplier Relationship Management
The Claro Group provides a comprehensive approach to managing sourcing projects. Our team of professionals performed projects ranging from traditional assessments and strategic sourcing efforts to procurement-process reviews, online-reverse auctions, spend analysis, supplier-relationship-management program development and deployment, enterprise-spend-management technology implementations and organizational redesign.
Our team of experienced sourcing and procurement professionals has helped more than 100 organizations in a range of industries, including financial services, public sector, retail, consumer products, manufacturing, professional services, oil and gas, and healthcare, manage costs more effectively and achieve:
- Measurable and sustainable cost savings
- Increased visibility into spend to support ongoing sourcing efforts
- Improved contract compliance and risk management
- Enhanced regulatory compliance
- Alignment of the organization, technology, processes and procedures
Our professionals have substantial experience with sourcing assignments, strategic sourcing and spend management, making them unique from others in the marketplace. We have worked with our clients to source over $18 billion in spend and have generated savings in excess of $2.6 billion across 100 direct and indirect commodities.
The Claro Group focuses on four key drivers of success: strategy, people, processes and technology. This broad scope enables us to quickly and accurately identify realizable cost-savings opportunities in a compressed timeframe. Simultaneously, we work with your organization to put the appropriate tools and metrics in place to measure and sustain the impact.
The Claro Group’s services include:
Hospital Non-Payroll Cost Reduction
Procure to Pay Process Effectiveness
Supplier Relationship Management
Procurement Organizational Design
Please contact Bart Richards for more information about The Claro Group’s Sourcing and Procurement Solutions.