Strategic Sourcing
15 min! Run Time
Employees
only
Provided
Friendly
Access
Description
Strategic sourcing helps organizations realize significant savings by evaluating procurement costs across spend categories. This course walks through a practical four-phase framework.
What this course covers:
- Assessment Snapshot: review your current sourcing position
- Spend Analysis: understand where money is being spent
- Category Sourcing: source across commodity and specialty spend
- Implementation: put the sourcing strategy into action
Apply the framework to both commodity and specialty categories.
System Requirements
See System Requirements in the Coggno Knowledge Base
Strategic Sourcing
This is a 15-slide PowerPoint.
Strategic Sourcing (also known as Sourcing Strategy or Procurement Strategy) allows an organization to realize significant savings by evaluating its procurement costs across a number of spend categories. This document details a 4-phase framework to Strategic Sourcing, outlining time frames, activities, and outputs.
The approach adopted includes the following phases:
1. Assessment Snapshot
2. Spend Analysis
3. Category Sourcing
4. Implementation
Each phase is explained in detail, including a breakdown of sub processes and activities. This framework can be applied to both Commodity and Specialty spend categories.
Attachments: