Strategic Sourcing
Define Requirements
Survey category stakeholders to understand enterprise wide requirements (usage, lead times, criticality, budgets, etc.)
Sourcing Strategy
Construct sourcing approaches that incorporate customer requirements, spend, supply, alternatives, trends, geopolitical and economic factors to enhance leverage and increase savings
Solicit Bids
Employ customer requirements to develop, deploy, and administer electronic reverse auctions, RFIs, RFQs, and RFPs
Evaluate Bids
Leverage tools to score supplier responses with an objective, predetermined, rating system based on documented customer requirements
Negotiate Contracts
Evaluate the competitive alternatives, value to the supplier, timing, market and industry trends to determine the balance of power and how to increase negotiating leverage
Supplier Implementation
Facilitate the communication, planning, introduction, and transition of supplier relationships with suppliers and internal stakeholders