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Course 3 Strategic Sourcing - Coggle Diagram
Course 3 Strategic Sourcing
The Kraljic : Matrix
Bottleneck items
Strategic items
Leverage items
Non-critical items
Understanding the What, Why, & How of Strategic Sourcing
Difference between Tactical Sourcing
and Strategic Sourcing
Understanding Strategic Sourcing
Understanding Tactical Sourcing
Why do we Need Strategic Sourcing?
Outlining 4 Key Benefits of Strategic Sourcing
Increased Level of Cost Savings
Better Alignment of Sourcing and Business
Objectives
Optimization of Ideal Suppliers
Long-term Relationship Building with Suppliers
The 7 Step Strategic
Sourcing Process
Step 4 - Select the Sourcing Process
Step 5 - Negotiate & Select Suppliers
Step 3 - Develop the Strategy
Step 6 - Implement & Integrate
Step 2 - Supply Market Analysis
Step 7 - Benchmark & Track Results
Step 1 - Profile the Category
Definition
Strategic Sourcing is a structured and collaborative approach to leveraging targeted spend across the organization with select suppliers that are best suited to create value from the external resources of the company.
How do we Implement Strategic
Sourcing?
7-Step Process to Effectively Implement Strategic
Sourcing in your Organizatio
Analysis of the Supplier Market
Selection of Suppliers and Execution of Contracting
Process
Analysis of the Supplier Market
Measurement and Periodic Tracking of Supplier
Performance
Identification and Categorization of Spend Profiles
Implementation of Supplier Relationship
Management (SRM)
Identification and Categorization of Spend Profiles