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A. T. Kearney’s Seven Steps for Strategic Sourcing | AIPTS
Following the process results in optimal negotiations because the information has been gathered and analyzed and the organization has a firm base from which to conduct negotiations with suppliers. The 7-step process has been tested and proven effective for sourcing …
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What are the 7 steps of strategic sourcing?
The Famous 7 Steps of Strategic Sourcing Step 1 – X Ray Phase | Fully understand the spend category. This step usually is managed by the procurement team and in... Step 2 - Supply Market Analysis. The main activity on this phase requires identifying potential new local and global... Step 3 – Develop ...
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Is the strategic sourcing process linear or circular?
Strategic sourcing is not a linear process, it is circular. Before the end of a contract, go back to the beginning to review the supply market again and restart the process. Market conditions change, benchmark the commodity or category again and proceed from there.
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What's the difference between tactical and strategic sourcing?
Strategic sourcing is, hence, a long-term process and for its successful implementation, it needs skilled personnel and relevant technology platforms and tools. In contrast, tactical sourcing involves a short-term and traditionally reactive approach towards managing the sourcing activities of an organization.
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Why is it important to use strategic sourcing software?
Strategic sourcing software can facilitate the approach by standardizing sourcing requirements and providing a platform for collecting information about suppliers, products, markets and business needs. This software is sometimes part of larger procurement systems, procure-to-pay platforms, ERP systems or supply chain management systems.
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