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Sourcing Alternatives |

At its core, Strategic Sourcing is a methodical approach to maximizing the value of money spent by businesses on goods and services. The process consists of five general steps: Spend Analysis, Strategy Formation, Supplier Selection, Strategy Implementation, and Supplier Management. Spend Analysis establishes the baseline, or current situation, and covers two areas: Demand Analysis and Supply Analysis…. The Sourcing Guru Blog. Maximize the value of every dollar spent on goods and services.".

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At its core, Strategic Sourcing is a methodical approach to maximizing the value of money spent by businesses on goods and services. The process consists of five general steps: Spend Analysis, Strategy Formation, Supplier Selection, Strategy Implementation, and Supplier Management. Spend Analysis establishes the baseline, or current situation, and covers two areas: Demand Analysis and Supply Analysis…. The Sourcing Guru Blog. Maximize the value of every dollar spent on goods and services..
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Sourcing Alternatives | | sourcingalternatives.com Reviews

https://sourcingalternatives.com

At its core, Strategic Sourcing is a methodical approach to maximizing the value of money spent by businesses on goods and services. The process consists of five general steps: Spend Analysis, Strategy Formation, Supplier Selection, Strategy Implementation, and Supplier Management. Spend Analysis establishes the baseline, or current situation, and covers two areas: Demand Analysis and Supply Analysis…. The Sourcing Guru Blog. Maximize the value of every dollar spent on goods and services.".

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1

Strategy Formation | Sourcing Alternatives

http://www.sourcingalternatives.com/strategy-formation

Strategy formation is the second step in the Strategic Sourcing process and consists of first defining the strategy and then communicating it effectively to the stakeholders. Here are the basic principles of a solid strategy:. Summarize the strategy on a single sheet of paper – stakeholders should expect that you know what you are doing and do not need to see all the little details behing the strategy. A good summary has the following items:. Comparison of “old” and new strategy. Steps in the Process.

2

Implementation | Sourcing Alternatives

http://www.sourcingalternatives.com/implementation

Protocol, and good project management skills. Steps in the Process. Site Design by Josh Mason-Barkin. Based on a theme by Elegant WordPress Themes.

3

Bottom Line Improvement | Sourcing Alternatives

http://www.sourcingalternatives.com/bottom-line-improvement

Strategic Sourcing achieves bottom line improvement by:. Lowering overall spending and increasing compliance with purchasing policies. Improving flow of information and work. Enhancing teamwork within a company. Creating a coherent and comprehensive SRM (Supplier Relationship Management) strategy. Large to mid-sized corporations that utilize Strategic Sourcing traditionally reduce cost by 10 – 30 percent against their baseline spend. Steps in the Process. Site Design by Josh Mason-Barkin.

4

Supplier Selection | Sourcing Alternatives

http://www.sourcingalternatives.com/supplier-selection-2

Prepare a detailed RFQ/RFP package that consists mostly of “fill-in-the-blanks” options for the bidding party. This makes it easier to have a true apples-to-apples comparison of the submissions from the suppliers. That said, do leave room for prospective suppliers to include information they feel brings added value – so long as it is not a rehashing of the typical “warm-and-fuzzy” presentation pieces one sees so often…. Steps in the Process. Site Design by Josh Mason-Barkin.

5

Top Line Growth | Sourcing Alternatives

http://www.sourcingalternatives.com/contributing-to-revenue-growth

Organizing Open Innovation sessions is yet another way for Strategic Sourcing professionals to accelerate revenue growth. Open Innovations sessions (sometime called “Blue Sky Innovation” sessions) are designed to help companies come up with completely new concepts, and bringing in suppliers that possess specific and advantageous knowledge or technology helps generate new ideas during that process. Steps in the Process. Site Design by Josh Mason-Barkin. Based on a theme by Elegant WordPress Themes.

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Sourcing Alternatives |

At its core, Strategic Sourcing is a methodical approach to maximizing the value of money spent by businesses on goods and services. The process consists of five general steps: Spend Analysis, Strategy Formation, Supplier Selection, Strategy Implementation, and Supplier Management. Spend Analysis establishes the baseline, or current situation, and covers two areas: Demand Analysis and Supply Analysis…. The Sourcing Guru Blog. Maximize the value of every dollar spent on goods and services.".

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