Ryder Global Solutions Trinidad

La Brea

Trinidad & Tobago

Contracts & Procurement

RCO provides clients with a flexible set of procurement outsourcing options, custom configured to meet their specific needs. 

 

Direct procurement plays a significant role in the way your organization sources products and services. From initial market research through to category management and procurement transformation, our seasoned procurement professionals deliver cost savings and measurable business value for your direct procurement operations.

 

Indirect costs are incurred throughout the business life cycle and typically constitute 30% to 60% of an organization's spend. Cost containment is the goal of any procurement outsourcing arrangement and outsourcing indirect procurement can significantly contribute to a company’s bottom line. Every additional dollar spent unnecessarily on indirect goods and services is simply lost profit for the company. Organizations aim to reduce the cost of indirect procurement, accelerate sourcing cycle times, improve vendor management, and increase spend visibility through procurement outsourcing.

Specifications & Scope of Works Development

Our highly experienced team can develop or work with your teams to develop various scope of works which will guide your service providers. 

 

Our team can also develop specifications for suppliers when purchasing materials, components, tools consumables etc. 

Supplier Capability Assessment

The importance of supplier capability assessment is that it is an essential aspect of both strategic sourcing, supplier management and the achievement of competitive advantage.

  • Supplier appraisal – Assessment of a potential supplier’s capability of delivery in terms of health & safety, the environment, quality, delivery, quantity, price and all other factors to be embodied in a contract.

  • Supplier rating – an index of the actual performance of a supplier using your system or ours.

  • Supplier approval – The placing of an enterprise on an approved list of suppliers following a process of supplier appraisal and vetting by the client.

  • Our propriety software provides transparency and easy access to the status of all suppliers.

 

 

 

 

Supplier Performance Management

At Ryder we understand the difficulties faced by organizations in developing, implementing and operating supplier partnerships. Our teams will work with your organization to coach your Contract Managers, Contract Holders and those involved in Contracts and Contractor Management to manage the risks such as associated with your suppliers. Our teams will help create maximum value from the contracting relationships and stop the leakage associated with poor relationship management.

Establishing Suppplier Relationships

  • Ensuring that an appropriate relationship style is defined, and objectives set

  • Establishing relationship management structures suited to the relationship objectives

  • Stakeholder analysis, and roles & responsibilities mapping

  • Establishing management processes against roles

Service Level Agreements     

  • Ensure service descriptions are complete

  • SLAs define measurable and appropriate standards

  • Clear boundaries of responsibility are established.

Relationship Assessments         

  • Health check review of an existing relationship, assessing the suitability and completeness of relationship management arrangements.

Suppplier Relationship Performance Review

  • Ensuring that an appropriate relationship style is defined, and objectives set

  • Establishing relationship management structures suited to the relationship objectives

  • Stakeholder analysis, and roles & responsibilities mapping

  • Establishing management processes against roles

Governance & Reporting

  • Monitor & track performance

  • Proprietary risk management tools

  • Tailored dashboards

  • Contingency development

  • Business continuity planning

  • Contract closeout support

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