We combine your vision with our expertise to create the right solution.
Vendor Management
Managed Concepts is a trusted advisor to the Supplier Diversity community. Our mission is to support every program, leading the transformation of Supplier Diversity management by providing superior end-to-end Supplier Diversity information management solutions. Our partners with corporate supplier diversity programs in every stage of their evolution; from those that are just getting started, to those with existing relationships. Equipped with unparalleled data intelligence, superior technology and expertise guidance, businesses can effectively establish and advance their Supplier Diversity initiatives.
New Vendor Procurement
Managed Concepts will evaluate your company's current efforts against established vendor management best practices and provides recommendations for managing supplier performance. By benchmarking your firm against your peers and against your stakeholders' needs, we'll help you determine where to invest to mature your vendor management practice and organization.
Existing Vendor Relations
Managed Concepts will help you evaluate your suppliers’ performance in a manner which is transparent and comparable across your company. By implementing targeted measures you can not only increase the quantifiable performance of your suppliers, you can also reduce the potential risk for your company. Defining holistic strategies for the continual optimization of your supplier base will help you take your supplier management to the next level
Vendor Consolidation
Consolidating suppliers within specific supply markets is a proven strategy to concentrate buying power and reduce purchase prices. The activity can be taken further, though, especially within non-production (indirect) spending areas.
By simplifying and automating interactions with preferred suppliers, procurement can more effectively work these relationships beyond just cost savings, to include support for more strategic enterprise imperatives regarding sustainability,
innovation, risk reduction, diversity, localization and other key objectives.