Need to save on your OPEX? About to engage in a supplier selection or outsourcing process? Are you daunted at the prospect?
This is why we at Lean Tree have developed our sourcing and outsourcing service to help answer these questions.
Even in your personal life, changing electricity suppliers or moving banks can seem daunting but going on a sourcing journey, and choosing a new supplier for your business can be a big step and can undoubtedly create a sense of apprehension for businesses, both large and small.
Common challenges include:
- Volume and complexity of options: The overwhelming number of potential suppliers and products available in the market can lead to anxiety, among decision-makers, of choosing the wrong supplier or missing out on better solutions.
- Time and resource constraints: The sourcing selection process demands careful consideration and takes time and resources. Concerns about stretching resources too thin or not having sufficient time to thoroughly evaluate options can contribute to the daunting nature of the process.
- Balancing quality and cost: Finding the right balance between cost and quality is a continuous challenge in sourcing. The fear of compromising on product quality to reduce costs or overspending to ensure quality can make decision-makers in-decisive.
- Fear of making wrong choices: Sourcing decisions can have a significant impact on the entire supply chain and operational dynamics of a business. The fear of making poor decisions, whether in terms of selecting the wrong supplier or misjudging market trends, can lead to costly mistakes.
- Complexity of the sourcing process itself: The actual process of completing a successful sourcing and outsourcing project can be complex as there are multiple steps, multiple parties and lots of decisions.
Don’t let these challenges stop you as cost optimisation in this current market climate is essential for future business health.
Lean Tree provides a tailor-made and independent approach to sourcing that takes the stress out of managing this process from reviewing your current technology landscape and identifying potential partners through to contract signature. Our experts work with you to identify the best solution to meet your needs.
Watch out for the next sourcing blog where we will be looking into how to define an objective scoring mechanism.
If you have any questions or comments or want to understand more about how Lean Tree can help, please reach out. We would love to hear from you.
