A Unique Strategic Approach
Utility companies are undergoing an enormous shift with major infrastructure investments, more frequent natural disasters, and increasing regulation. There is a tremendous pressure to keep costs low and quality of service high.
Immediate Access to Top-Notch Talent and Resources
Utility company’s leadership is looking to strategic sourcing to deliver. An effective strategic sourcing program, augmented with sourcing applications, typically generates 10% to 20% savings against a company’s external spend, increases cash flow, improves supplier performance, and reduces risk, making it an incredibly powerful tool to reduce costs and improve service.
30-Day Cancellation Clause
By leveraging K2 Sourcing as a team member, category and strategic sourcing managers can immediately have a larger impact on the organization. K2 Sourcing supplements your internal strategic sourcing department by providing expert resources and strategic sourcing software.
Our experience qualifies K2 Sourcing to provide:
Lists of suppliers across direct, indirect, capital expense, and services
Hundreds of RFP templates that capture total cost and service variables
Stakeholder interview checklists to ensure the right information is gathered
A successful repeatable transparent RFP process
Specialized commodity teams comprised of advisors, project managers, and analysts
An RFP application, that makes the strategic sourcing process easier and more effective
A measurable process that clearly proves outcomes
By leveraging K2 Sourcing as a team member, utilities expand their resources and:
Improve savings generated by 5% to 25%
Fill the procurement team resource and experience gaps
Accelerate generation and realization of savings
Find the suppliers that can best support your business objectives
Introduce the company to huge pools of potential suppliers
Provide global sourcing access with local support in 14 countries
Shrink RFP review cycles by as much as 50%
Mitigate supply risk using the right award strategies
Understand supplier capabilities
Access market intelligence
Benchmark with your peers
Launch new products faster
Reduce operating costs
Promote a cost-conscious and value driven culture
Increase innovation
Utilize best practices such as eprocurement and esourcing
Reduce pesky time-consuming introductory sales calls
Increase team morale
Allow leaders to react rapidly to changing resource needs
Leverage K2 Sourcing’s Experience
K2 Sourcing has helped electric and natural resources companies improve savings, cash, and performance. Our strategic sourcing teams have helped review billions of dollars across several hundred categories resulting in cost savings of over $600 million. Some of these categories include:
Water treatment, chemicals, cables, rail, tanks, cylinders, pipe valves and fittings, safety and PPE, janitorial and cleaning, tools and equipment, equipment leasing, MRO, electrical supplies, office supplies, IT consumables, temporary labor, contingent labor, security services, contractor services, like legal and payroll, fuel, network and telephone, IT hardware, metal structures and enclosures, and more.
Why K2 Sourcing?
An Integrated Human and Technology Strategic Sourcing Solution
Hiring additional team members across so many categories and getting them up to speed is expensive, time consuming, laden with risk, and takes months. There are other agencies that provide procurement consulting solutions. K2 Sourcing offers an integrated human and technology strategic sourcing solution that provides an unparalleled value to procurement leaders and teams.
30-Day Cancellation Clause
With a 30-day cancellation clause, there is minimal risk to access the accumulated experience from K2 Sourcing team members having run several thousand strategic sourcing engagements.
Immediate Access to Top-Notch Talent and Resources
Be it supplier diversification versus sole sourcing, insourcing versus outsourcing, evaluating substitute capital expense solutions, or rapid buying, utilizing K2 Sourcing as a partner provides immediate access to top-notch talent, our award-winning RFP and reverse auction technology and templates, global supplier lists, and world class strategic sourcing processes.
Reaching Procurement Goals Made Easy
As procurement teams are challenged to redefine category strategies to counter inflation and increase security of supply, make it easier for the team to reach your procurement goals. Schedule an introductory call with K2 Sourcing today.
Have a question about our sourcing services or application? Give us a call or fill out the form and we’ll be in touch shortly.
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+1 (877) 824-9809