strategic-sourcing

What problem does it solve?

This Skill helps organizations develop and execute comprehensive category strategies, optimize procurement processes, and achieve significant cost savings through expert sourcing initiatives.

Core Features & Use Cases

• Category Strategy Development: Guides users through defining objectives, positioning, and sourcing approaches for different spend categories.
• Value Lever Identification: Helps identify and quantify potential cost savings through various strategic levers like price reduction, demand management, and supplier innovation.
• Should-Cost Modeling: Assists in building detailed cost models to understand supplier pricing and negotiate effectively.
• RFx Management: Provides frameworks for managing RFIs, RFPs, RFQs, and e-auctions.
• Use Case: A procurement manager needs to develop a sourcing strategy for IT hardware. This Skill can guide them through Kraljic positioning, identifying value levers, and creating a detailed strategy document.

Quick Start

Use the strategic-sourcing skill to develop a category strategy for IT hardware, focusing on cost reduction and supplier consolidation.