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  • Strategic Sourcing Model

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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.

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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.

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    21 views1 page

    Strategic Sourcing Model

    Uploaded by

    scaryharry9000
    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)
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    Strategic Sourcing Model

    STEP 1: Needs Analysis


    Spend analysis, Product Roadmaps, Marketing Requirements, Technical Requirements
    STEP 2: Create Cross-Functional Teams
    Strategic Sourcing Team Leader, Engineering, Quality, Marketing, Service, Operations

    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.

    STEP 8: Relationship Management and Maintenance


    Measure and monitor performance.

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