Discovery & Benchmarking

Engagements begin with a short discovery to understand your procurement process, review enterprise spending by supplier and category, and identify potential opportunities. We provide visibility into supplier pricing practices, industry benchmarks, and competitive alternatives to assess your current costs, relative to your planned volumes for each category of spending.

Sourcing Savings

We review your existing purchasing agreements, invoices and accounts payable data to identify savings opportunities within your existing expenses and planned purchases.  Third Law Sourcing collaborates with your team to drive these cost reductions through aggregated spending, competitive bidding, and (re)negotiation. 

Audit Saving

We review historical invoice detail against your existing agreements to identify potential over-billing, as well as contract leakage (purchases made outside of negotiated agreements).  We help you recover refunds or obtain credits for past supplier errors, and identify opportunities to reduce future leakage.

Procurement Transformation

We review your current sourcing processes against best practices and assess your organizational effectiveness (based on industry metrics for measuring/reporting on sourcing performance).  We can partner with your team to provide implementation support for process improvements.