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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.
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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.