STRATEGIC SOURCING

Assess Internal Needs

• Determine business goals, constraints and risks.
• Estimate future needs for goods/services
• Create Category profile
• Create Sourcing goals
• Create Spend outlook

Analyze Supply Market

•  Understand market dynamics and current conditions. 
•  Identify current and potential Partners and assess their strengths and weaknesses. 
• Supply Market Analysis report 
•  Profile and SWOT rating of current and potential Partners. 

Understand Price & Cost

•  Understand the cost and value drivers in the supply chain. 
•  Achieve Cost Competitiveness. 
•  Price Analysis (CAMS, Absolute). 
•  Cost Analysis (TCO, ICP, Should Cost, Price Discipline). 
•  Identify Key Cost Drivers. 

Develop Sourcing Strategy

• Develop sourcing recommendations tailored to the business, based on Industry best practices. 
• Select strategy statements based on Risk-Benefit Analysis. 
• Develop Implementation Plan
• Verify execution of Implementation Plan