The 8 step strategic sourcing model begins with a needs analysis including spend analysis, product roadmaps and requirements. Cross-functional teams are then created to define the current state, develop an initial strategy and gather market information by evaluating potential suppliers. Suppliers are selected and agreements negotiated in steps 5 through 7, developing the future state through cost models and selecting suppliers. Finally, step 8 maintains the relationship through performance monitoring.
The 8 step strategic sourcing model begins with a needs analysis including spend analysis, product roadmaps and requirements. Cross-functional teams are then created to define the current state, develop an initial strategy and gather market information by evaluating potential suppliers. Suppliers are selected and agreements negotiated in steps 5 through 7, developing the future state through cost models and selecting suppliers. Finally, step 8 maintains the relationship through performance monitoring.
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The 8 step strategic sourcing model begins with a needs analysis including spend analysis, product roadmaps and requirements. Cross-functional teams are then created to define the current state, develop an initial strategy and gather market information by evaluating potential suppliers. Suppliers are selected and agreements negotiated in steps 5 through 7, developing the future state through cost models and selecting suppliers. Finally, step 8 maintains the relationship through performance monitoring.
Copyright:
Attribution Non-Commercial (BY-NC)
Available Formats
Download as PPT, PDF, TXT or read online from Scribd
STEP 3: Define Current State and Develop Initial Strategy
Detailed needs analysis, initial supply strategy
STEP 4: Gather Market Information (RFI)
Evaluate potential suppliers
STEP 5: Develop Supplier Portfolio (RFP)
Requests for Quotation on products/suppliers that align with our initial strategy. Conduct Supplier Assessments/Gap Analysis. Supplier Selection Criteria. STEP 6: Develop Future State Evaluate business cases, develop cost models, revise strategy, and select suppliers/products. STEP 7: Negotiate, Evaluate, Commit and Agree Negotiate Agreements, plan product development programs, business model, implementation.