the global sourcing team

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Who has interest in using Globuyteam's network?

All purchasing/sourcing departments and all professional buyers that want to improve their purchasing performance on:

Technical Goods/Services
Facility Goods/Services
Transport and Logistics
Packaging, Energy, ...

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The first sourcing network for direct purchasing benchmarks

Buyers find buyers with common spend through spend categorization

Improve your sourcing performance through direct benchmarks

To achieve higher purchasing performance targets, buyers uses purchasing benchmarks as a leverage and which can be used in different sourcing situations:

Dark market (lack of market information on prices, suppliers, trends...)
Concentrating markets (need of buying power)
To verify suppliers information
To compare sourcing performances with other companies
To reduce costs through consortium buying
etc...

More generally, direct purchasing benchmarks with buyers can be used for all purchases on all types of markets since it is a great source of information. Doing a purchasing benchmark requires however time and network. Globuyteam overcomes these constraints, as showed below:

Steps

Remarks/details

Usual way

With Globuyteam (for all your purchases)

Identify benchmarking partners

Find information on fields of activity that purchases the same product/service

2-3 hours

Automatic

Find name of companies within the field of activity

1-2 hours

Automatic

Find contact details of the buyer in charge of the common purchases

0,5-1 hours

Automatic

Get approval from the buyer to exchange information (if not restart process)

30% chances of success


	96% chances of success Buyers from Globuyteam are ready for purchasing benchmarks

Exchange information

Exchange information details on purchases to be benchmarked

1 hour


	0,5 hour Both buyers already know what the benchmark is about

TOTAL

7,5 - 13,5 hours

0,5 hour

Leverage your buying power with other buyers

Having contacts with buyers from Globuyteam network will leverage your buying power through:

Cost reduction

Increase your buying power and leverage your spend via consortium buying
Compare, evaluate and improve your purchasing performances through benchmarks
Find new supply sources (LCC...)
Share best paractices

Business intelligence and Innovation

Share information on market, trends, price forecasting...
Access an international network for global and local scope
Find substitution products/services
Find new applications

Security of supply - Sustainability

Exchange information on sustainability and reliability of suppliers
Find new supply sources and service providers

Sourcing opportunities: Global sourcing and Low Cost Countries (LCC)

Be informed about potential suppliers wordlwide
Share logistic knowledge and experience for global sourcing projects
Get business intelligence about the market in emerging countries

Examples of added value from Globuyteam’s network

Consortium buying

You are responsible for a yearly budget of 200 K€ for computers.

Via Globuyteam, you find a another buyer having sourcing responsibilities for 250k€ for computers. Once you have exchanged your contact information, you can directly:

Exchange market information
Organize a consortium buying

A consortium buying generates on average a cost reduction of 10% to 30% of the spend on average (source: Purchasing.com).
Based on those figures, you could realize a purchasing performance of 20 K€ to 60 K€ cost savings.

Global sourcing

You are responsible for a yearly budget of 5Mio € for a specific raw material.

Via Globuyteam, you find a another buyer having sourcing responsibilities for 4Mio€ for the same raw material. Once you have exchanged your contact information, you can directly:

exchange information on potential suppliers worldwide
exchange information on logistical issues/solutions for importing the product from emerging countries

Thanks to this benchmark, you get information on global sourcing solutions for this raw material.
The Globuyteam member has provided you with new sourcing opportunities for cost savings and logistic solutions with decomplexity of the supply chain.