Engagement Models

For optimal results, choose an engagement model at the intersection of proven capabilities, real-world experience, quality management, and cost efficiency.

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How Your Business Benefits

Bring more speed and cost efficiency to your procurement organization

  • Have your sourcing needs met out of multiple markets round-the-clock
  • Interlock cost, capability, quality, and delivery time for optimal results
  • Turbocharge procurement workflow while reducing uncertainties and ensuring high accountability

Decide on a delivery model that leaves you fully in control

  • Fine-tune your growth strategies with insights delivered by onsite experts
  • Tighten your grip on workflow and quality assurance processes
  • Store your confidential data securely, meet tough compliance standards

Look for a combo of factors when signing service providers

  • Carefully examine the provider’s performance record and financial history
  • Look for in-demand certifications, make sure these are bonafide
  • Choose vendors with a track record of delivering optimal quality/price tradeoff

Opt for pricing models that best suit your scenario

  • Settle for time-based pricing of resources with predetermined skills
  • Alternatively, tie fixed costs to successful completion of tasks
  • Or pay skilled offshore professionals based on actual time spent

Place the focus on action and desired outcomes

  • Map out the activity that is proposed to be outsourced
  • Clinically determine potential direct and indirect cost savings
  • Look for material evidence of efficiencies delivered in past projects

You actually benefit by involving third parties in the supply chain

  • External consultants can provide an encouraging stimulus to in-house teams
  • Third parties will free up your staff to focus on revenue generation
  • Sourcing saves dollars, which can be ploughed back into business

Why Choose SpendEdge?

Featured Case Study

How We Helped a Healthcare Client Optimize Category Management for Enhanced Profitability

Challenge: The healthcare client faced stagnant sales and increasing pressure to improve profitability amidst rising costs and regulatory changes.

Solution: We implemented a robust, data-driven category management process that identified underperforming segments and developed targeted strategies for high-profit categories.

Result: The client achieved notable improvements in brand perception, optimized procurement, and enhanced financial performance, ultimately leading to better patient care outcomes.

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What engagement model would be the perfect fit for me?

It is really hard to pick between engagement models without a proper benefit analysis. Our specialists will help you find your way through the bewildering array of engagement models, so you can choose the one that makes eminent sense for your business.

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FAQS

For a lot of spend categories, procurement often engages with vendors for a long-term and use the same engagement models and pricing models. The vendors also tend to continue with a model that best suits their interest and not make the customers aware of different engagement models they offer. So, it is vital for procurement teams to investigate on different models that are prevalent in the industry and choose the one that fits the best.

All the SpendEdge reports on 900+ sub-categories have detailed analysis on the most prevalent engagement models that are offered by the vendors. The analysis includes head-on comparison of the different engagement models including pros, cons and the best scenarios for different buying patterns. This helps users compare the different options against their current models and make the right choice.

First of all, choosing the right engagement model could help with achieving the best cost savings. In addition to this, procurement teams can identify more flexible options to engage with the vendors and ensure they negotiate the best terms. Also, this helps in getting the best contracting terms and SLAs and overall achieve best-in-class status.
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