Our Methods & Approach to Sourcing
Sourcing enables Business Strategy
Elix-IRR delivers business and operational strategies through sourcing and shared services.
Strategic sourcing is an enabler that continuously improves and re-evaluates the purchasing activities of a company. The world class strategic thinkers in Elix-IRR use the process to enable cost reduction, enhance business value, mitigate operational risk and shorten ‘go-to-market’ time.
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For a list of each segment of the chevron, see the Step by Step guide.
Elix-IRR’s Sourcing Advisory Method
Rather than simply following a procurement process, our sourcing strategies have a clear purpose and business case. Tying the sourcing strategy to the operating model increases the returns of both initiatives. Sourcing is therefore not just about cutting costs, but about creating real business value – something at the heart of Elix-IRR’s approach.
Elix-IRR has created a Sourcing Advisory Method that guides our clients through every step of the journey. No matter when Elix-IRR gets engaged, we can drive value from Day 1. Our Sourcing Advisory Method provides a holistic service across the spectrum of strategic, operational, sourcing and compliance issues that arise during significant change programmes.
The vision and associated business case are then achieved using Elix-IRR’s buy, sell, advise and legal experience. Elix-IRR have vast experience of doing this across multiple industries, and bring our clients aspirations to bear all day, every day.
Strategy Phase: Operating Strategy
An operating strategy which aligns with, and explains how, an organisation’s business strategy & activities will be delivered.
Strategy Phase: Sourcing Strategy
Practical, implementable strategy for using sourcing to deliver on operating strategy, including recommended sourcing methods.
Strategy Phase: Governance & Management Alignment
Understanding how to align the organisation and incentivisation of your senior management team and stakeholders to optimise success of your operating strategy.
Strategy Phase: Service Landscape & Objectives
Clear view of ‘As Is’ services situation in the context of the business and operating strategies, analysing service performance and issues.
Solution Design: Target Operating Model
A Target Operating Model (TOM) for operational functions and processes with a Transformation Roadmap with key activities and timelines.
Solution Design: Supplier Selection
Refinement of requirements and selection of appropriate partners to implement your strategy.
Solution Design: Organisation Design
Detailed organisational shape, roles and responsibilities defined.
Solution Design: Service Architecture
A framework for processes, applications and infrastructure performance ‘right tuned’ for the business, with SLAs/ OLAs/ KPIs aligned with the operating strategy.
Implementation: TOM Implementation
Successful implementation of the change programmes and establishment of the new Target Operating Model.
Implementation: Negotiation & Contracting
Contract(s) for a functional & non-functional specification to be delivered by the supplier, along with the client’s obligations.
Implementation: Transition Planning & Management
A Transition Management Framework for managing, planning and executing transitions at lower business risk.
Implementation: Service & Supplier Management Tools (Harmony)
Improved transparency – from data collation to management dashboard – and streamlined supplier/service management processes.
Review & Optimisation: Operating Model Review
Analysis of current Operating Model, and recommendations for improvement.
Review & Optimisation: Supplier Portfolio & Contract Optimisation
Review of existing deal to determine risks, areas for improvement and options and implications for a change in service delivery.
Review & Optimisation: Governance & Supplier Relationship Assessment
Reviewed supplier Governance arrangements.
Review & Optimisation: Service Catalogue & SLA review
Identification of areas of opportunity with Service Catalogue and SLAs.
Ongoing Cost Reduction & Benefits
Significant reduction in costs, with either cashflow savings or on-going run rate reductions, funding transformational and investment programmes.
