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Sourcing Management

Sourcing Management

FRAMEWORK

Define tender criteria
Define sourcing approach
Develop supplier evaluation scorecard

Align contractual and business agreements
Build communication workflow

Identify existing and potential supplier

Execute RFx document
Brief invited suppliers
Evaluate responses

Conduct negotiations and award contract
Estabilish contract and on-board supplier
Develop communication plan, change management plan

Implement savings and compliance tracking
Monitor deployed changes and support common improvement initiatives
Secure critical contract amendments

BENEFITS

MARKET EXPERTISE

Independent sourcing guidance with practical expertise and best in class sourcing techniques

TRANSPARENCY

Clear communication and full visibility at each stage of selection process

EFFICIENCY

Increased RFx process efficiency achieved by standardized sourcing process

COST OPTIMIZATION

Generated cost savings via smooth and aligned best sourcing practices

CONTRACT COMPLIANCE

Ensured contractual compliance in terms of legal and regulatory requirements

AGILITY

Market led by RFX technologies reducing sourcing cycle time

DELIVERABLES

SUPPLIER ASSESSMENT

Evaluated supplier portfolios in terms of requirements fulfillment

PROCESS REPOSITORY

Maintained transparent and structured model of sourcing process documentation

COMMUNICATION MODEL

Designed effective communication model among all stakeholders & suppliers

SUPPLY MARKET ANALYSIS

Market research across existing and potential new global/local suppliers

TRANSPARENT MEASUREMENTS

Calculation methodology and savings tracking tools