TSI's Procurement Cost Reduction Process

To ensure success, TSI follows a highly disciplined four-phased process honed through years of experience:

Opportunity Identification Phase

• Agree on scope of engagement and success criteria with the client
• Collect client data on high value / high volume / high probability materials and services
• Collect expense history data and supply agreements for incumbent supplier(s)
• Identify supplier service requirements, sensitivities, and constraints
• Present initial recommendations for execution to client

Planning Phase

• Negotiate with incumbent supplier(s) and alternate suppliers
• Present recommendations to client and agree on implementation strategy

Execution Phase

• Implement strategy regarding negotiated terms with incumbent supplier or facilitate supplier change as directed by client
• Establish key performance measures for suppliers

Monitor and Reporting Phase

• Document and measure price adjustments and quantities utilized as part of cost savings plan
• Ensure client is satisfied with supplier performance; facilitate improvement as necessary
• Report cost savings to the client on a regular basis