Procurement function’s objectives are to analyze tons of data and information and make a decision real quick without impacting the business continuity; all this while making sure procurement is cost effective. Magistral’s Procurement offerings help organizations reduce spend base, de-risk procurement and help quick decision making.
Small, medium and large templatised profiles of vendors across geographies and industries.
Evaluation of all vendors on quantifiable parameters and shortlisting the most appropriate ones for the job.
Cleansing data, categorizing spend into standard categories to arrive at comprehensive spend analysis for further action on spend base reduction.
Analyzing vendor industries for data backed contract negotiations with vendors.
Support for releasing and responding to RFP requests.
Preparing category strategy decks for all indirect sourcing categories.
Providing offshore support for managing Indirect sourcing categories in line with overall sourcing strategy.
- Up to 20% reduction on overall spend base across indirect categories
- Risk management
- Improved availability
- Mass discounts
- Long term contracts
- Low cost country sourcing