Each of your supplier relationships is important. Yet, some of these relationships will require a greater allocation of management resources than others. Supplier segmentation is the strategy used to purposefully allocate corporate resources to manage your supplier relationships.
Expense Management Solutions can help you to develop a supplier segmentation strategy that is customized to the goals and objectives of your organization. Through careful consideration of your sourcing strategy, the number of business units involved, the level of spend, the degree of interdependence between the client and supplier, the volatility of the market, resources available to manage these relationships, and a number of other factors, we will help you segment your supplier portfolio, determine the appropriate management strategy for each supplier segment, and develop a schedule for periodic reviews of each relationship so that your segmentation determinations remain relevant.
Purposeful and persistent application of the right supplier segmentation strategies will help you to achieve breakthrough performance.
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