Global Supplier Identification

Corcentric Global Supplier Identification specialists align Procurement teams with world-class direct material vendors.

Procurement teams in any industry trust Corcentric’s Global Supplier Identification experts to oversee their strategic sourcing efforts, pair them with best-fit direct material suppliers, and drive cost reduction.

The process of global supplier identification is all-important for every Procurement group. For many, it also proves overwhelming.  Crowded and complicated markets often keep strategic sourcing initiatives from getting off the ground. As Procurement searches for global suppliers capable of meeting strict specifications at market competitive prices,  they often run into trouble due to a lack of internal resources.

Identifying, qualifying, engaging, and ultimately managing suppliers is a full-time job. Corcentric’s Strategic Sourcing experts oversee every step of the process to ensure global supplier identification paves the way for long-term value and cost savings.

Global Supplier Identification for Direct Materials

  • We’ll embed ourselves within your Procurement department’s operations, assess your approach to direct material strategic sourcing, and analyze your current relationships with direct material suppliers to conduct a benchmark assessment.
  • Where possible, we’ll identify opportunities to negotiate more valuable agreements with incumbent direct material suppliers and reveal opportunities for global supply base consolidation.
  • Leveraging our years of market intelligence, strategic sourcing best practices, and direct material category expertise, we’ll research the global direct material supplier landscape.
  • Next, our global supplier identification team will contact every qualifying direct material supplier individually to validate their capabilities and pricing.
  • With Procurement’s unique needs in mind, we’ll take our global supplier identification efforts to market by conducting effective, targeted strategic sourcing events.
  • Once our strategic sourcing events have concluded, we’ll assist Procurement in evaluating and scorecarding each direct material supplier’s bid.
  • Then, our global supplier identification experts will assist you in negotiating agreements with best-fit direct material suppliers. We’ll ensure the agreement not only provides a competitive price, but promises long-term strategic value.
  • Corcentric’s global supplier identification team will serve as dedicated supplier relationship managers throughout the life of your new engagements. Conducting consistent audits and evaluations, we’ll ensure your direct material suppliers meet expectations.

Corcentric’s supplier identification and strategic sourcing expertise are unparalleled. Our team of experts has served the global supplier identification efforts of companies in a range of industries including: optical components, defense contracting, pharmaceuticals, medical devices, and construction identify world-class direct material suppliers. Call our global supplier identification team today and start establishing valuable, long-lasting relationships with direct material vendors.