Your supply chain in the global economy must be dynamic and structurally flexible.
Therefore, your supplier relations are far more important than previously. That means that the “lowest cost price possible” is no longer the procurement department’s only guiding principle. This does not make the price irrelevant, of course, but it is no longer the only priority.
Strategy sourcing means that your business views the procurement function in a wider perspective: as an integral part of the whole supply chain.
Strategic sourcing
- Establishing and optimising procurement processes
- Drawing up procurement policies
- Stipulating supplier requirements
- Implementing supportive IT systems
Supply planning
- Coordinating your business’s external and internal logistics
- Integrating the procurement function
- Integrating your IT systems with your suppliers’
Organizational planning
- Establishing the procurement function
- Integrating procurement and distribution
- Forecasting, distribution
- Introducing new routines, tools and functions
Performance measurement
- Setting up, implementing and operating performance indicators for the procurement function.
- Benchmarking suppliers
Project Management
- Planning
- Budgeting
- Design work
- Preparation of specification of requirements and tender documents
- Selection of suppliers and contract negotiations
- Supervision, follow-up and financial management
- Handover ceremonies.