Procurement

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.

Vendor profiling

Small, medium and large templatised profiles of vendors across geographies and industries.

Vendor Selection

Evaluation of all vendors on quantifiable parameters and shortlisting the most appropriate ones for the job.

Spend Analysis

Cleansing data, categorizing spend into standard categories to arrive at comprehensive spend analysis for further action on spend base reduction.

Industry Analysis

Analyzing vendor industries for data backed contract negotiations with vendors.

RFP Support

Support for releasing and responding to RFP requests.

Category Strategy

Preparing category strategy decks for all indirect sourcing categories.

Category Management

Providing offshore support for managing Indirect sourcing categories in line with overall sourcing strategy.

Expected Outcomes

  • Up to 20% reduction on overall spend base across indirect categories
  • Risk management
  • Improved availability
  • Mass discounts
  • Long term contracts
  • Low cost country sourcing