Strategic Sourcing

Service Overview

At Qgenyx, we help organizations transform procurement of APIS or selection of CMO/CDMO into a strategic function that drives value, ensures compliance, and supports long-term business growth. Our strategic sourcing services are tailored to optimize cost-efficiency, supplier performance, and risk management across the supply chain.

How We Deliver Value

We go beyond transactional procurement to create sustainable sourcing strategies that align with your organization’s broader goals. Our structured and flexible approach enables you to adapt to dynamic market conditions, improve supplier relationships, and ensure uninterrupted supply of critical materials.

Strategic Sourcing Framework

• Define Vision and GoalsWe begin by understanding your organization’s business objectives and translating them into a clear procurement vision. This includes setting priorities around cost savings, quality, compliance, risk mitigation, and innovation.
• Evaluate Current Procurement PracticesThrough a detailed assessment, we analyse your existing procurement structure, vendor base, spend data, and sourcing strategies. We identify bottlenecks, inefficiencies, and potential areas for improvement.
• Set SMART ObjectivesWe define Specific, Measurable, Achievable, Relevant, and Time-bound goals to guide the sourcing strategy—whether it's reducing costs, improving delivery timelines, enhancing quality, or diversifying supplier risk.
• Develop Strategic Sourcing PlansBased on the assessment and objectives, we create a comprehensive sourcing roadmap. This includes category management, supplier segmentation, negotiation strategies, risk mitigation plans, and cost optimization initiatives.
• Policy & SOP DevelopmentWe design procurement policies, standard operating procedures (SOPs), and governance structures that foster transparency, regulatory compliance, and process consistency across the organization.
• Implementation and Change ManagementOur team supports the rollout of the new strategy through stakeholder engagement, supplier communication, training, and integration with existing systems (ERP, procurement platforms).
• Continuous Monitoring and OptimizationWe implement performance tracking metrics (KPIs), supplier scorecards, and periodic reviews to ensure continuous improvement, compliance, and adaptability in your sourcing function.