Metals Fabrication Spend Optimization Services from Corcentric

Corcentric’s raw materials strategic sourcing team leverages category expertise and years of Procurement best practices to help clients optimize their metals fabrication spend and align with world-class vendors.

Businesses in a variety of industries rely on metals fabrication for key components of their products. For some, metals fabrication provides the majority of the product. As the foundation for many highly critical products, metals fabrication is essential for businesses and consumers alike. Strategic Sourcing initiatives in the category can easily grow overwhelming for even well-appointed Procurement teams.

The Strategic Sourcing team at Corcentric have the category and industry intelligence necessary to help Procurement groups refine their operations and align their people, processes, and technologies for maximum value. We’ll work with your team to conduct strategic sourcing initiatives and develop spend management strategies customized to your particular metals fabrication needs.

Challenges in Metals Fabrication Strategic Sourcing

• Companies often require their metals fabrication suppliers to produce highly customized products. Strategic Sourcing initiatives are not always successful in identifying metals fabrication suppliers capable of meeting complex specifications.
• The diverse metals fabrication supply base includes a number of small, often family-owned shops. Oftentimes, these suppliers lack the resources to produce customized products in a timely manner.
• Fluctuations in commodity pricing make it challenging for Strategic Sourcing teams to reduce costs in their metals fabrication purchases without sacrificing quality.
• The highly customized nature of metals fabrication purchases add complications to the delivery process. As suppliers struggle to meet Procurement’s specifications, delivery times can increase.
• Many metals fabrication suppliers will take have to spend a great deal to quote out purchases. This is particularly true for companies attempting to source intricate or highly detailed products.

Metals Fabrication Strategic Sourcing Support

• Our Strategic Sourcing team will coordinate a benchmark assessment of your metals fabrication purchasing and incumbent supplier relationships to assess your efficiency and begin developing sourcing strategies.
• Taking a deep dive into your historical metals fabrication spend, we’ll conduct an opportunity assessment to develop a roadmap for both quick wins and long-term cost reduction.
• Before going to market, we’ll help your Procurement team design RFX documentation tailored to your unique metals fabrication needs. If necessary, we’ll oversee multiple strategic sourcing events.
• We’ll evaluate and scorecard bids to determine which suppliers are capable of meeting your metals fabrication needs and providing long-term strategic value.
• Corcentric’s Strategic Sourcing team will oversee the contracting and negotiations process to ensure your agreements with new metals fabrication suppliers start off right.
• The supplier relationship experts at Corcentric will oversee your relationships to maintain compliance, encourage communication, and promote mutual benefit.

Corcentric’s Strategic Sourcing services have benefits well beyond cost reduction. In addition to savings, clients who leverage our services can count on additional value adds through supply base consolidation, and process improvements. Give us a call to see how our proven sourcing process can help you navigate metals fabrication and all categories of direct and indirect spend.