Strategic Sourcing

Insurance contracts are not often awarded the supplier who will deliver the most impressive impact upon indemnity spend. They are usually awarded to the supplier who simply offers the lowest unit price; i.e.:

Basic Tactical Buying, rather than Strategic Sourcing.

Shorten Management Consulting Limited will work with you to develop analysis to understand the Total Cost of Acquisition (TCA) rather than just the unit price, thereby making a significantly greater impact to the sustainable reduction of indemnity spend rather than merely the quick wins of beating suppliers down to the lowest possible unit price; i.e.:

Actual Strategic Sourcing, rather than the more common iteration of basic Tactical Buying.

This approach will reduce direct costs, improve combined operating ratio’s, improve profit and add shareholder value.


Find out how we can assist you with Strategic Sourcing by getting in touch with us here>


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