Sourcing and Acquisition Strategy
At Neo Tech Solution (NTS), we understand that sourcing and acquiring the right resources and technologies is paramount for the success and growth of your business. Our “Strategic Sourcing & Acquisition Support” service is designed to streamline and optimize your procurement processes, ensuring you have access to the best-in-class solutions while minimizing costs and risks.
With a team of experienced professionals and industry experts, we offer comprehensive support throughout the entire sourcing and acquisition lifecycle. Our approach begins with a thorough analysis of your business needs, objectives, and market dynamics. We then leverage our extensive network and resources to identify potential suppliers, vendors, and partners that align with your requirements and strategic goals.
Through meticulous evaluation and due diligence, we assess the capabilities, reliability, and compatibility of potential partners to ensure they meet your quality standards and compliance requirements. Our expertise in negotiation and contract management allows us to secure favorable terms and agreements that optimize value and mitigate potential risks.
- Assessment of spend categories
- Development of strategic sourcing approach
- Baseline of current operations and spend
- Assessment of market and vendor base
- RFI/RFP development (technical and business/commercial contract terms)
- Financial modeling
- RFP process and vendor management
Vendor Selection and Contract Negotiation Support
We assist our clients in coordinating and planning all activities following an RFP release, such as planning an Industry Day event and strategizing the responses to vendor questions. We provide our clients administrative and technical support to the RFP process, consolidating and preparing technical and past performance evaluations
During and after vendor selection, we assist our clients in maintaining leverage during vendor negotiations
- Assessment of spend categories
- Development of strategic sourcing approach
- Baseline of current operations and spend
- Assessment of market and vendor base
- RFI/RFP development (technical and business/commercial contract terms)
- Financial modeling
- RFP process and vendor management
Deployment and Transition Support
We assist clients in preparing their internal organizations to support the transition of services to third party providers using a structured collaborative approach, coupled with our proven methodology and experience. This enables companies to optimize the relationships with their chosen providers as well as provide a strong foundation for managing internal change
- Stand up Vendor management organization
- Transition plan
- Staff and contract transitioning
- Invoice review process
- Vendor governance model
- Service level and invoice tracking approach
- Support financial analysis, control, budget development, and transformation projects
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