SOURCING & PROCUREMENT
- Spend Analysis.
- Industry Analysis – Porter’s 5 forces model.
- Determine Category/Commodity Strategy & Execution.
- Determine/Define data points to be tracked with their sources.
- Determine linkages - macroeconomic factors, Supply & Demand and commodity price
- Build systems and capability.
- Conduct Sourcing events – RFI/RFP/RFQ/Reverse Auction
- Define negotiation strategy & execute.