Strategic Sourcing
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Description
This is a 15-slide PowerPoint.
Strategic Sourcing (also known as Sourcing Strategy or Procurement Strategy) allows an organization to realize significant savings by evaluating its procurement costs across a number of spend categories. This document details a 4-phase framework to Strategic Sourcing, outlining time frames, activities, and outputs.
The approach adopted includes the following phases:
1. Assessment Snapshot
2. Spend Analysis
3. Category Sourcing
4. Implementation
Each phase is explained in detail, including a breakdown of sub processes and activities. This framework can be applied to both Commodity and Specialty spend categories.
The approach adopted includes the following phases:
1. Assessment Snapshot
2. Spend Analysis
3. Category Sourcing
4. Implementation
Each phase is explained in detail, including a breakdown of sub processes and activities. This framework can be applied to both Commodity and Specialty spend categories.
Author
What Is Flevy?
Flevy develops management training guides of the same caliber as those produced by top-tier management consulting firms, like McKinsey, Bain, Accenture, BCG, and Deloitte. In fact, our authors include ex-consultants from all these firms. Most of our materials were developed by seasoned executives and consultants with 20+ years of experience.
Strategic Sourcing
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Strategic Sourcing (400 KB)
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This is a 15-slide PowerPoint.
Strategic Sourcing (also known as Sourcing Strategy or Procurement Strategy) allows an organization to realize significant savings by evaluating its procurement costs across a number of spend categories. This document details a 4-phase framework to Strategic Sourcing, outlining time frames, activities, and outputs.
The approach adopted includes the following phases:
1. Assessment Snapshot
2. Spend Analysis
3. Category Sourcing
4. Implementation
Each phase is explained in detail, including a breakdown of sub processes and activities. This framework can be applied to both Commodity and Specialty spend categories.