{"id":6227,"date":"2022-07-14T12:47:40","date_gmt":"2022-07-14T12:47:40","guid":{"rendered":"https:\/\/itechdigital.org\/?page_id=6227"},"modified":"2023-01-04T09:06:51","modified_gmt":"2023-01-04T14:06:51","slug":"sourcing-and-procurement","status":"publish","type":"page","link":"https:\/\/www.itechdigital.org\/sourcing-and-procurement\/","title":{"rendered":"Sourcing and Procurement"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-page\" data-elementor-id=\"6227\" class=\"elementor elementor-6227\">\n\t\t\t\t\t\t<section data-particle_enable=\"false\" data-particle-mobile-disabled=\"false\" class=\"elementor-section elementor-top-section elementor-element elementor-element-f983331 elementor-section-content-middle ot-traditional elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"f983331\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-extended\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-top-column elementor-element elementor-element-fb1c096 ot-flex-column-vertical\" data-id=\"fb1c096\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-ab8c75d elementor-widget elementor-widget-image\" data-id=\"ab8c75d\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.23.0 - 05-08-2024 *\/\n.elementor-widget-image{text-align:center}.elementor-widget-image a{display:inline-block}.elementor-widget-image a img[src$=\".svg\"]{width:48px}.elementor-widget-image img{vertical-align:middle;display:inline-block}<\/style>\t\t\t\t\t\t\t\t\t\t<img fetchpriority=\"high\" decoding=\"async\" width=\"570\" height=\"542\" src=\"https:\/\/www.itechdigital.org\/wp-content\/uploads\/2022\/06\/Digital-marketing-service-page-min.png\" class=\"attachment-full size-full wp-image-5350\" alt=\"\" srcset=\"https:\/\/www.itechdigital.org\/wp-content\/uploads\/2022\/06\/Digital-marketing-service-page-min.png 570w, https:\/\/www.itechdigital.org\/wp-content\/uploads\/2022\/06\/Digital-marketing-service-page-min-300x285.png 300w\" sizes=\"(max-width: 570px) 100vw, 570px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-top-column elementor-element elementor-element-8d40657 ot-flex-column-vertical\" data-id=\"8d40657\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-b059e25 elementor-widget elementor-widget-iheading\" data-id=\"b059e25\" data-element_type=\"widget\" data-widget_type=\"iheading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"ot-heading\">\r\n\t        <h2 class=\"main-heading\">Creating Executable Strategies<\/h2>\t    <\/div>\r\n\t    \t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-3e8ec39 elementor-widget elementor-widget-text-editor\" data-id=\"3e8ec39\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.23.0 - 05-08-2024 *\/\n.elementor-widget-text-editor.elementor-drop-cap-view-stacked .elementor-drop-cap{background-color:#69727d;color:#fff}.elementor-widget-text-editor.elementor-drop-cap-view-framed .elementor-drop-cap{color:#69727d;border:3px solid;background-color:transparent}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap{margin-top:8px}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap-letter{width:1em;height:1em}.elementor-widget-text-editor .elementor-drop-cap{float:left;text-align:center;line-height:1;font-size:50px}.elementor-widget-text-editor .elementor-drop-cap-letter{display:inline-block}<\/style>\t\t\t\t<div id=\"article-intro-pre\"><div id=\"content__intro-copy-pre\" class=\"introductioncopy introductionCopyPre\"><div class=\"introduction-copy\"><p class=\"page-intro-copy\" style=\"text-align: center;\">Sourcing and procurement are in a period of radical and rapid change that\u2019s altering the way businesses view it as a function. New strategies, skills, knowledge, and tools are emerging to address today\u2019s \u2014 and tomorrow\u2019s \u2014 growing challenges and opportunities.<\/p><p><strong>Sourcing and Procurement<\/strong> practice is differentiated by our executable mindset, focus, and strategy capabilities\u2014with emphasis on executable. We excel at strategies that are deliverable, delivered through a combination of strong category experience, broad-based knowledge and skills, and geographical reach around the world. We also team with other <strong>iTech Digital<\/strong> services, such as tax, technology consulting, human capital consulting, and enterprise risk services, to address the many facets of sourcing and procurement-related engagements.<\/p><\/div><\/div><\/div>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section data-particle_enable=\"false\" data-particle-mobile-disabled=\"false\" class=\"elementor-section elementor-top-section elementor-element elementor-element-1cf364b elementor-section-full_width ot-traditional elementor-section-height-default elementor-section-height-default\" data-id=\"1cf364b\" data-element_type=\"section\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t\t\t<div class=\"elementor-background-overlay\"><\/div>\n\t\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-no\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-top-column elementor-element elementor-element-8c8e883 ot-flex-column-vertical\" data-id=\"8c8e883\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<section data-particle_enable=\"false\" data-particle-mobile-disabled=\"false\" class=\"elementor-section elementor-inner-section elementor-element elementor-element-d619fd2 elementor-section-full_width ot-traditional elementor-section-height-default elementor-section-height-default\" data-id=\"d619fd2\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-inner-column elementor-element elementor-element-475b0e1 ot-flex-column-vertical\" data-id=\"475b0e1\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-e4bc039 elementor-widget elementor-widget-iheading\" data-id=\"e4bc039\" data-element_type=\"widget\" data-widget_type=\"iheading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"ot-heading\">\r\n\t        <h2 class=\"main-heading\">Sourcing and Procurement services\n<\/h2>\t    <\/div>\r\n\t    \t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-bddaeef elementor-widget elementor-widget-text-editor\" data-id=\"bddaeef\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<ul>\n \t<li><b>Direct and indirect materials sourcing<\/b>\u00a0\u2013 Help companies determine potential areas of savings relating to both indirect SG&amp;A costs as well as direct cost of goods sold.<\/li>\n \t<li><b>Tech-enabled transformation<\/b>\u00a0\u2013 Analyze a company\u2019s procurement operating model and offer an informed, agnostic point of view on how various technologies can enable processes and lay the groundwork for future capabilities.<\/li>\n \t<li><b>Mergers and acquisition-related services<\/b>\u00a0\u2013 Work with companies throughout the M&amp;A life cycle to take advantage of integration and procurement synergies in acquisitions and to devise a separation plan in divestitures.<\/li>\n \t<li><b>Extended business relationship management<\/b>\u00a0\u2013 Connect buyers and sellers in innovative ways that have the potential to benefit both sides.<\/li>\n \t<li><b>Managed services<\/b>\u00a0\u2013 Help clients understand their options for managing higher value-added activities like strategic sourcing, supplier management, and contract management.<\/li>\n \t<li><b>Talent development<\/b>\u00a0\u2013 Offer executives and their teams a variety of formal training curricula including basic to advanced sourcing and procurement modules.<\/li>\n<\/ul>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-top-column elementor-element elementor-element-a2c8f86 ot-column-items-center ot-flex-column-vertical\" data-id=\"a2c8f86\" data-element_type=\"column\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section data-particle_enable=\"false\" data-particle-mobile-disabled=\"false\" class=\"elementor-section elementor-top-section elementor-element elementor-element-268846d ot-traditional elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"268846d\" data-element_type=\"section\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-07323a0 ot-flex-column-vertical\" data-id=\"07323a0\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-f2331e4 elementor-widget elementor-widget-iheading\" data-id=\"f2331e4\" data-element_type=\"widget\" data-widget_type=\"iheading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"ot-heading\">\r\n\t        <h2 class=\"main-heading\">Passionate Competency <\/h2>\t    <\/div>\r\n\t    \t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-5b5067c elementor-widget elementor-widget-itestimonials\" data-id=\"5b5067c\" data-element_type=\"widget\" data-widget_type=\"itestimonials.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\r\n\t\t<div class=\"ot-testimonials\">\t\t\t\t\t\t\r\n\t\t\t<div class=\"testimonial-inner ot-testimonials-slider\" data-show=\"1\" data-scroll=\"1\" data-dots=\"false\" data-arrow=\"false\">\r\n\t\t\t\t\t\t\t\t<div>\r\n\t\t\t\t\t<div class=\"testi-item\">\r\n\t\t\t\t\t\t<div class=\"layer1\"><\/div>\r\n\t\t\t\t\t\t<div class=\"layer2\">\r\n\t\t\t\t\t\t\t<div class=\"t-head flex-middle\">\r\n\t\t\t\t\t\t\t\t\t\t\t\t\t        \t<div class=\"tinfo\">\r\n\t\t\t\t\t        \t\t<h6><\/h6>\r\n\t\t\t\t\t        \t\t\t\t\t\t\t        \t<\/div>\r\n\t\t\t\t        \t<\/div>\r\n\t\t\t\t\t        <div class=\"ttext\">\r\n\t\t\t\t\t        \t<p>Our ultimate goal is to deliver sustainable growth to our clients by helping them create meaningful relationships with their customers through digital marketing. <\/p>\n\n<p>Let iTech Digital\u2019s digital marketing team help you develop an online marketing strategy to drive more qualified visitors to your site and convert those visitors into leads and sales. What are you waiting for? Contact us today and start dominating the web.<\/p>\t\t\t\t\t        <\/div>\r\n\t\t\t\t        <\/div>\r\n\t\t        \t<\/div>\r\n\t\t\t\t<\/div>\r\n\t\t\t\t\t\t\t<\/div>\t\t\t\t\r\n\t    <\/div>\r\n\r\n\t    \t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section data-particle_enable=\"false\" data-particle-mobile-disabled=\"false\" class=\"elementor-section elementor-top-section elementor-element elementor-element-952931f ot-traditional elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"952931f\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-d55eef7 ot-flex-column-vertical\" data-id=\"d55eef7\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-fe81bef elementor-widget elementor-widget-text-editor\" data-id=\"fe81bef\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<h3 class=\"secondary-headline\" style=\"text-align: center;\"><strong>Potential Bottom-Line Benefits<\/strong><\/h3><ul><li><b>Business results<\/b>\u00a0such as cost reduction around SG&amp;A and cost of goods sold.<\/li><li><b>Regulatory compliance<\/b>\u00a0with various laws and regulations, including the Foreign Corrupt Practices Act, in the U.S. and other jurisdictions.<\/li><li><b>Enhanced efficiency<\/b> and effectiveness of people, processes, and technologies through the transformation of the procurement process.<\/li><li><b>A total-cost point of view<\/b> through strategies that help clients evaluate the long-term sustainability aspects of purchase in addition to the short-term price-related benefit.<\/li><li><b>Innovative use<\/b>\u00a0of technology to streamline sourcing and procurement processes while improving management and control capabilities.<\/li><\/ul>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>Creating Executable Strategies Sourcing and procurement are in a period of radical and rapid change that\u2019s altering the way businesses view it as a function. New strategies, skills, knowledge, and tools are emerging to address today\u2019s \u2014 and tomorrow\u2019s \u2014 growing challenges and opportunities. Sourcing and Procurement practice is differentiated by our executable mindset, focus, [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"class_list":["post-6227","page","type-page","status-publish","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Sourcing and Procurement - iTech Digital<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.itechdigital.org\/sourcing-and-procurement\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Sourcing and Procurement - iTech Digital\" \/>\n<meta property=\"og:description\" content=\"Creating Executable Strategies Sourcing and procurement are in a period of radical and rapid change that\u2019s altering the way businesses view it as a function. New strategies, skills, knowledge, and tools are emerging to address today\u2019s \u2014 and tomorrow\u2019s \u2014 growing challenges and opportunities. 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New strategies, skills, knowledge, and tools are emerging to address today\u2019s \u2014 and tomorrow\u2019s \u2014 growing challenges and opportunities. 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