• +962 799418110

  • info@talalweh.com

  • 214 Wasfi Altal St, Office 21, Amman - Jordan

Vendor Sourcing & Management

The term vendor management is used when describing the activities included in researching and sourcing vendors, obtaining quotes with pricing, capabilities, turnaround times, and quality of work, negotiating contracts, managing relationships, assigning jobs, evaluating performance, and ensuring payments are made.
Vendor management is the process of optimizing relationships with vendors and suppliers to receive better products, services, and/or support, while reducing costs.
Sourcing is a key part of the vendor management process that entails identifying, evaluating, and selecting vendors.
Basically, it’s the procurement process, and it’s the foundation of successful vendor management.

Managing strategic suppliers effectively is essential to drive competitive advantage for modern global organizations. The key lies in the ability to extract the best from key partners. The presence of strategic vendors and suppliers is critical to provide products or services that meet your company’s major demand requirements and plays a vital role in your supply chain.
Strategic Sourcing
Strategic sourcing requires analysis of what an organization buys, from whom, at what price and at what volume. Strategic sourcing differs from conventional purchasing because it places emphasis on the entire life-cycle of a product, not just its initial purchase price.
Our approach
Formalizes the way information is gathered
Strategic sourcing is a price based approach
Leverages purchasing power
Utilizes Negotiations
Identifies the best possible value
Continuously improves and re-evaluates purchasing activities

Vendor Sourcing & Management

Successful vendor management that leads to long-term, beneficial relationships starts with sourcing.
Unfortunately, many organizations rely on ineffective requests for proposals (RFPs) to identify the right vendors … leading to poor selections and less-than-satisfying partnerships.
Companies often overlook the use of vendors as a strategic option to help meet their business goals. Talalweh’s approach to vendor sourcing provides the thought leadership and frameworks necessary to help minimize the risk of wrong sourcing decisions.

Managing Strategic Suppliers effectively

  • Volume
  • Location – Domestic or international
  • Scope - more favorable pricing for a broader scope
  • Level of Service / Quality
  • Maintenance Options
  • Standardization / Consolidation
  • Payment Terms
  • Firm price or tied to index
  • Delivery frequency
  • Emergency Response
  • Availability
  • Freight

Strategic Sourcing

  • Leverage
  • Baseline
  • Standardization
  • Market Analysis
  • Increased Competition
  • End User Interviews
  • Solicitation Approach
  • Contract Management
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