Services

Strategic Sourcing

Most organisations today are searching for solutions that shorten time to market, reduce operating costs, free capital for investment and provide solutions to cope more strategically with continuous change.  Our Strategice Sourcing services allow our clients to opimise performance through cost reduction and process improvement.

For each initiative, our consultants establish a project profile, gather product/service requirements, analyse suppliers and industry economicas, develop the optimal sourcing strategy, engage suppliers and create the contract deployment plan.

We manage supplier discovery, RFx processes and negotiations leading to best-value suppliers for expenditure categories, and apply appropriate technology to support competitive bidding.  We tailor our sourcing strategy and services to the unique need of each client.

Procurement Management

Too often, the value of stratetgic sourcing effort vanishes because negotiated agreements are never fully implemented. Competitive and well-negotiated contracts do not remain so forever - prices creep up, contracts expire, market conditions and technologies change, new purchases are constantly required. 

Terrace's procurement management services help identify, generate and sustain savings and process efficiencies for organisations across all industry sectors.  Clients can outsource sourcing and management of a total expenditure portfolio for maximum value, or selected categories and/or procurement processes to meet specific needs.

Contract Management

Contracts are the foundation of every commercial relationship, yet organisations still lose millions every year because there is no proper management of contracts. Contract Management is rapidly becoming an area of improvement for all organisations.

Non-compliance, auto renewals, expiring contracts, prolonged negotiation cycles - all these contribute to lost revenues, escalting costs and missed opportunities.  The lack of control of contracts leads to maverick buying.

To ensure clients realise and sustain negotiated savings over time, our consultants monitor and manage internal compliance and supplier relationships.

Outsource & Insource Advisory Services

Re-engineering the delivery of non-core business processes to achieve the anticipated value, results and ROI - in either an outsourced or insourced environment - is not a task for the novice or the faint-hearted. The complexity of outsourcing initiatives demands that exacting attention be paid to every internal and external detail, variable and consideration. We design sourcing relationships with the end-goal in mind. We help our clients avoid a "deal making" mentality and instead focus on durable value delivery through sourcing relationship management.

Most corporations lack the organizational capability to manage their outsourced or insourced relationships effectively. Corporations must implement an effective sourcing relationship management organization or risk losing a significant percentage of the anticipated value from the initiative. Terrace helps clients design, develop and build the organizational capability toperform outsourcing portfolio management.