Managing Strategic Sourcing Process (mssp)

Question 1

Develop strategic plan

Answer 1

• Creat cross functional planning committee
• Identify key members of sourcing team
• Agree on scope of sourcing process

Question 2

Understand Spend

Answer 2

• Refine understanding of sourcing needs of process-owners
• Perform spend analysis
• Address make or buy issues

Question 3

Evaluate supply sources

Answer 3

• Conduct market analysis
• Evaluate supplier alternatives
• Pre-qualify potential suppliers

Question 4

Finalize sourcing strategy

Answer 4

• Define elements of procurement processes

- Agree on supplier selection criteria

Question 5

Implement sourcing strategy

Answer 5

• Manage procurement processes
• Select suppliers
• Award business to select suppliers

Question 6

On boarding & Transitioning

Answer 6

• Finalizing understandings & agreements with suppliers
• Create management processes for new suppliers
• Conduct transition & on boarding processes

Question 7

Collaborative Process Improvement

Answer 7

• Regular feedback & communication
• Analyze net savings & compare with goals and objectives
• process improvement for both suppliers and customers.