Supply Chain Optimization
Our unique approach to evaluating your Supply Chain covers five main areas of engagement:
Supplier Assessment and Spend Analytics, Sourcing Strategy Development, Sourcing Strategy Execution, Supplier Risk Management & Supplier Performance Management.
Supplier Assessment & Spend Analytics
Your spend data and analytics may be telling you the wrong things about the health and value of your Supply Chain, or worse telling you nothing at all. Starting with a detailed deep-dive into your spend data, we will develop a strategic guide for improvement in some of your most impactful categories. We will provide:
- Subject matter expertise for each major spend category
- Assessment of your current supplier base
- Analysis to determine sources of risk, leakage, and supplier scope creep
- Customized reports to match the data with your business operations
Sourcing Strategy Development
Building on our initial consultative assessment and spend data deep dive, we will collaborate with your team to develop a Sourcing Strategy based on your objectives and real data which will address the following:
- Cost Reduction
- Risk Mitigation
- Supplier Rationalization
- Change Management
- Assessment of resources to support execution and ongoing management
Sourcing Strategy Execution
We know that change is difficult. We have the capability and experience to successfully implement your Supply Chain Strategy. We will provide a very detailed scope of service that will provide:
- A detailed project plan to implement your Sourcing Strategy at the category level
- A highly collaborative and transparent approach to keep you informed and in control
- Alignment with your legal and risk management requirements
- Negotiation of supplier contracts
Supplier Performance Management
We have proven experience designing and implementing best-in-class process and platforms to measure supplier performance. These programs drive significant improvement in supplier performance, while decreasing supplier terminations and therefore supply/ service disruption. Key elements of a successful SPM program include:
- Use of enabling technology
- Fair and consistent KPIs
- Stakeholder engagement
- Regular assessment intervals
- A robust Supplier Development and Improvement Program
Supply Chain Risk Management
Steel Bridge has deep experience in evaluating and implementing Supplier Risk Management solutions. We can provide a comprehensive Supplier Risk Management program to provide:
- Extensive and scalable supplier screening and certification
- An effective Certificate of Insurance (COI) Management program
- A flexible Health, Safety and Environmental (HSE) platform to proactively assess and manage suppliers in real-time