procurement-standards

What problem does it solve?

This Skill provides a comprehensive guide to procurement operations, ensuring best practices in sourcing, vendor evaluation, contract negotiation, compliance, and supplier risk management.

Core Features & Use Cases

• Procurement Operations Reference: Offers a dense reference for sourcing, vendor evaluation, contract negotiation, compliance, and supplier risk management.
• Mental Models: Provides key mental models like TCO, Negotiation Leverage Matrix, Risk-Adjusted Value, and more.
• Non-Negotiable Standards: Lists essential standards such as multiple bids, legal reviews, DPAs, risk assessments, and contract terms.
• Decision Rules: Outlines rules for sole-source vendors, multi-year contracts, auto-renewals, scope creep, vendor acquisitions, SLA failures, and more.
• Vendor Evaluation Scorecard: Scores vendors on functional fit, security & compliance, TCO, vendor stability, and references.
• Common Mistakes: Identifies common procurement mistakes and provides best practices to avoid them.
• Good vs Bad Output: Demonstrates the difference between good and bad vendor selection and contract terms.

Quick Start

Use the procurement-standards skill to review the negotiation leverage matrix and apply it to your next vendor negotiation.