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Sourcing (1E) (Evaluate competitive offerings to determine the overall…
Sourcing (1E)
Evaluate competitive offerings to determine the overall best offer for a a product/service (1E2)
Operational
analysis
Site audits
Cost & price analysis
Price analysis
methods
Market bench marking
Profit analysis
Saving analysis
Total cost v/s price
Learning curve
Life cycle costing
Cost analysis
Technical analysis
Offeror capability/
offeror responsibility
Past performance
Capacity
Skills
Integrity
Time in business/market
Certification & licensing
Financial factors
Reference checking
Offer responsiveness
Specifications/statements of work
Quality requirments
Terms & conditions
Product/services substitutions
Use of technical proposals (unpriced)
Transportation terms
International transportation terms
Domestic transportation terms
Receiving, controlling & analyzing offers
Other factors
Availablity
Leadtime
Logistical concerns
Supplier diversity considerations
Business continuity plans
Information security
Decision matrix/multi- attribute evaluation tool
Plan & Communicate sourcing and supply strategies based on forecasted data (1E3)
Factors in the selection of
the method of procurement
Type of contract desired
Frequency of purchases
Nature of product/service specifications
Risk
Dollar value
Customer requirments
Urgency
Lead time
Industry norms & standards
Level of flexibility desired
Degree of competition/market situation
Buyer/seller uncertanity
Forecasting of volume
Part (or product) life cycle
Supply markets relative to short & long term buying needs
Determining annual requirements
Financial tools
Hedging
Dollar avearaging
Contracting
Buying strategies
Just in time
Consignment
Life of product supply
Commodities
Exchanges
Terminology
Market dynamics
Volume purchase agreements
Supplier replenishment systems
Speculative vuying
Outsourcing
Forward buying
Buying to requirments
Spot buying
Analyze potential sources
of goods or services (1E1)
Supply base analysis
Degrees of competition
Multiple source
Full & open competition
Sole source
Limited competition
Single source
Technical competition
Nature of sources &
their effects on procurement
Manufacturers versus distributors
Large V/s small suppliers
Internal/s external sources
National v/s local
Joint ventures
International v/s domestic
Applicable laws
Transportation costs & timing
Exchange rates
Duties
Payment process
Mandatory sources of supply
Cooperative/consortium buying
Small & historically underutilized
business (HUB, WOB, VOB, MOB)
Emergency sources
Existing versus new sources
Product complexity/technology changes
Urgency of need
Market conditions
Quality expectations
Supplier processes
Adequacy of competition
Cost versus value of sources
Long term needds
Long term relationships
Supplier base optimization
Change in supplier's organization
Supply continuity
Internet based searches
Meta based search
Online buying guides
Peer bench marking
Trade shows/periodicals