Ensure seven step for Strategi
Ensure seven step for Strategic Sourcing process by:
1. Portfolio Analysis: clear understanding of Portfolio needs, internal and external.
2. Confirm Business needs
3. Ensure that relevant stakeholders buy in into portfolio strategy
4. Define appropriate portfolio strategy
5. Continually review supplier markets to develop alternative supply options, identify value engineering opportunities, cost avoidance and e-commerce solutions and promote and develop innovative purchasing methodologies and systems (Purchasing Academy tools).
6. Successfully implement strategy – Idea to Dollar process
7. Manage Risks & Ensure Contractual Integrity using company policy, personnel knowledge and experience
8. Negotiate purchase price, terms of payment and contractual conditions to achieve the lowest economical cost consistent with quality, service and operational performance requirements identified.
9. Place and continuously manage delivering in line with global purchasing policies and in support of glo