Strategic Sourcing Services

Facet Merchant’s Strategic Sourcing Services combine deep market intelligence, structured execution, and data-driven performance management to deliver real, long-term procurement value.

Strategy – Defining the Right Approach

Facet Merchant begins by developing a tailored sourcing strategy aligned with each client’s business goals. This includes:

  • Market Analysis – Understanding industry dynamics, pricing trends, and supplier landscapes.

  • Category Strategy Development – Prioritizing procurement categories based on spend analysis, risk exposure, and opportunity potential.

  • Supplier Relationship Management (SRM) – Establishing frameworks for long-term collaboration, innovation, and performance.

Outcome: A sourcing blueprint that balances cost, quality, risk, and innovation.

Planning – Turning Strategy into Action

The planning phase focuses on translating strategic insights into actionable sourcing initiatives:

  • Sourcing Event Design – Running RFPs, RFQs, and negotiations with clear evaluation criteria.

  • Supply Chain Optimization – Identifying efficiencies across logistics, lead times, and inventory.

  • Risk & Compliance Planning – Ensuring suppliers meet regulatory and ESG requirements.

Outcome: A structured plan that drives execution and accountability, while anticipating potential challenges.

Results – Delivering Measurable Value

Facet Merchant emphasizes measurable outcomes through:

  • Cost Savings & Value Creation – Realizing reductions in total cost of ownership (TCO) and unlocking value beyond price.

  • Supplier Performance Tracking – Leveraging KPIs to monitor quality, delivery, and service levels.

  • Continuous Improvement – Refining sourcing practices based on results, market shifts, and business needs.

Outcome: Sustained sourcing excellence and strategic advantage for the client.