PurchTips - Edition # 105
The Strategic Sourcing Plan of Attack
By Charles Dominick, SPSM, SPSM2, SPSM3
Does Your Strategic Sourcing Plan Flow Nicely?
Every strategic sourcing organization should have a long-term plan for its work. I suggest a three-stage plan.
Stage 1: "The Easy Wins." When launching a new process, starting with little risk and gradually accepting more is wise. So begin your strategic sourcing initiative with a category where success is easier to achieve.
Office, shop, and janitorial supplies are often the first "easy wins" pursued. Why? Well, in these industries, there are many good suppliers who compete hard against each other. In many cases, any big supplier can perform. And the price wars you incite can produce nice savings.
Do You Want a More Rewarding Procurement Career?
Are you tired of not getting enough opportunities, respect, and money out of your procurement career? Well, guess what? Nothing will change unless you take action towards becoming a world-class procurement professional.
Earning your SPSM® Certification is the action to take if you want to bring the most modern procurement practices into your organization and achieve your career potential. Download the SPSM Certification Guide today to learn how to get started on your journey to a more rewarding procurement career!
Need Better Performance From Your Procurement Team?
Are you a procurement leader whose team isn't achieving the results you know are possible? Maybe it's not enough cost savings. Or frustrating performance from the supply base. Or dissatisfied internal customers.
You need a performance improvement plan that's easy to implement and quick to produce results. The NLPA can help.
Download our whitepaper "The Procurement Leader's Guide To A More Successful Team." You'll learn the 7 steps for transforming your staff into a results-producing, world-class procurement team.
Are You Getting The Most Out of Your NLPA Membership?
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If you haven't been taking advantage of these benefits, why not log in and start now?
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