Budget Optimization Catered to Luxury Brands through Strategic Sourcing

Corcentric’s luxury brand strategic sourcing experts can help your company partner with the right suppliers and vendors that share your brand’s commitment to deliver a top quality product and experience.

While in other industries, companies develop their brand to fit the needs of their customers, luxury brands develop their brand first and market to customers accordingly. A highly competitive and evolving market, the luxury space demands companies stay ahead of the curve in every aspect of the supply chain: product design, quality, marketing, and sales. In the traditional sense, Luxury status meant the simple possession of certain objects, but today’s consumer is no longer interested in just “what I have” but knowing the ethical and creative background of the product in developing a connection to the brand.

With Luxury brands’ emphasis on customer-centricity and innovation while delivering high quality goods, working with best-in-class vendors and suppliers who share that same commitment is key. Corcentric’s Strategic Sourcing and Supplier Value experts recognize the importance of partnering with the right suppliers who possess the capabilities and shared values of delivering top quality to consumers. Focusing on your organization’s unique requirements and components that define your luxury brand, Corcentric can help your organization partner with the right suppliers and vendors to support your luxury brand’s strategic initiatives.

Whether you’re seeking specific materials and manufacturers to stay competitive against fast-fashion trends, expand your distribution channels, enter new markets, or implement sustainable supply base practices, Corcentric’s strategic sourcing experts have you covered. Equipped with unmatched market intelligence, strategic sourcing experience, and consultative approach, our team of procurement experts can help your company partner with leading suppliers to ensure your brand values are upheld throughout the supply chain.

How Corcentric can help with Strategic Sourcing in the Luxury Industry:

• Full strategic sourcing for direct and indirect expenditures
• Procurement staff augmentation
• Supplier relationship management
• Audit Services
• Benchmarking services
• Market Research and Intelligence for market expansion
• Merger & Acquisition Clean Room/Advisory
• Contracting and Negotiations support

Our team of Luxury strategic sourcing consultants understand the emphasis Luxury companies place on the customer experience and can leverage our vast procurement and supplier relationship management experience to help you achieve your goals. Acting as an extension to your procurement teams, Corcentric’s luxury brand industry sourcing experts can take the lead in helping your company find the best-fit suppliers and vendors that match your company’s culture and values so you can focus on the activities core to your business.

A luxury brand is more than a logo, they are highly regarded by customers for the quality of their products and the image their brand/products projects. Luxury organizations have a strong culture based on the company history that is permeated throughout the organization and its brand, increasing the criticality of selecting a supply base that understands these details and matches the culture and image of your brand.

Establishing strong a supplier base and fostering effective relationships are essential for luxury brands. Corcentric’s team of luxury brand procurement experts recognize this and will partner with your organization to identify and source the right vendors and suppliers that not only fit your company’s unique culture but maintain the prestige of your brand.

Contact Corcentric’s Luxury procurement experts to learn more about how our strategic sourcing and vendor management services can enhance your supply chain.