Identify Opportunities
Opportunities are usually triggered by a business requirement for a product or service.
Undertake Strategic Analysis
Procurement must work with the suppliers and its internal customers to analyze the process to understand where opportunities exist to eliminate waste and increase value delivery.
Case Study
Using the information provided in Case Study 2, as well as the Excel spreadsheet, evaluate the following:
Create a Strategic Sourcing Plan
A strategic sourcing plan requires procurement to assess and manage the change so that the benefits of the procurement strategy are realized.
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