The very first stage to go through when conducting a Strategic Sourcing program is to define or refine which items are to be included in a Sourcing Group. It is the first of 4 analysis to be performed when ‘profiling a Sourcing Group‘ (Strategic Sourcing Step 1): Defining Sourcing Groups Analysing Sourcing Group Characteristics Understanding [...]
Strategic Sourcing methodology is used to identify, examine, select and implement sourcing alternatives for a specific Sourcing Group (SG). It encompass the whole process for evaluating, selecting and aligning with supplier(s) to achieve operational improvements and support overall strategic objectives. Strategic Sourcing focuses on total costs and not just the purchase price; Strategic Sourcing assists [...]
Using e-Tools or making savings on its Purchases shall always start by a Strategic Sourcing Opportunity Assessment (SSOA) so to identify right priorities at start and spend rigth effort on right Sourcing Groups. Here is a basic 4-step-methodology that might help you to get started. In this post, I will just explain the first step. [...]
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