Cost Containment Sourcing Mission Statement

Develop and manage supplier partnerships to achieve benchmark quality at the best total cost to the organization

WHAT IT IS...
WHAT IT IS NOT
  • Focus on the Total Cost of Ownership (TCO) incorporating customer needs, organizational goals, and market conditions
  • Getting the best product/service at best value
  • Driven by a rigorous and collaborative approach
  • Addresses all levers for savings
  • Decisions based on fact-based analysis and market intelligence
  • A continuous process
  • Focused only on cost
  • Getting the cheapest product/service at the best value
  • Ad hoc activities involving only purchasing
  • Focused on "beating up suppliers"
  • Decisions based on opinion, unjustified preference, or complacency
  • A one-time product or decision