Sourcing Assessment Toolkit

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Sourcing Assessment Toolkit

Understand the True Cost of Your Supply Chain Decisions with the Sourcing Assessment Toolkit

The lowest purchase price is rarely the lowest overall cost.

Many sourcing decisions are made using unit price alone, but hidden costs associated with logistics, inventory, quality issues, carbon emissions, supply chain disruptions, and geopolitical risks can significantly increase the real cost of a product. What appears to be the cheapest option on paper can often become the most expensive in practice.

WMG’s Total Cost of Ownership (TCO) tool helps manufacturers and procurement teams quantify these hidden costs and compare alternative sourcing strategies on a like-for-like basis.

Whether you are evaluating onshore versus offshore production, make versus buy decisions, supplier selection, or reshoring opportunities, the tool provides a comprehensive assessment of three critical areas:

Procurement costs

Traditionally central to cost calculations, all costs associated with procuring a product are calculated. Here we include transport and logistics costs, production and operation costs, lead time and inventory costs, and other relevant costs.

Carbon cost and assessment

We provide a supplier centric scope-3 cost assessment, with support from spend-based estimations to simplify your calculation process. Furthermore, you can compare carbon management practices between suppliers for indicative comparison of carbon emission risk.

Supply risk assessment

The principal risk assessment enables you to compare supply risks from the supplier, looking at six different factors, so you can indicatively assess which supplier may be of higher risk. The country risk assessment complements this through a country comparison of risk factors.

By combining these factors into a single assessment, the tool helps organisations move beyond short-term purchasing decisions and make choices that support long-term competitiveness, profitability, sustainability, and resilience.

Why use the Sourcing Assessment Toolkit?

Reveal hidden supply chain costs that are often overlooked in traditional procurement assessments.
Compare sourcing scenarios objectively, including domestic, nearshore, and offshore options.
Understand the financial impact of supply chain risks before they occur.
Incorporate carbon and sustainability considerations into procurement decisions.
Support reshoring and supplier location decisions with evidence-based analysis.
Improve resilience against disruptions caused by geopolitical events, economic instability, logistics challenges, and supplier performance issues.

The result is a clearer understanding of the trade-offs between cost, risk, and sustainability, enabling better-informed strategic decisions and greater confidence in your supply chain investments.

Take the assessment now.

Start Assessment