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Strategic Process for Global Sourcing

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Kraljic Model
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Neetu Pathak, India

Strategic Process for Global Sourcing

I need to understand the process steps which are to be considered to prepare a global procurement strategy... Who can share some advise?
 
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Koen Vandermarliere
Business Consultant, Belgium
 

Global Procurement Strategy

Hi Neetu Pathak, from my point of view you need to have very clear insight in the long term and short term strategy of the company.
As your procurement strategy will explain how you will go from the actual situation to the desired situation. This being said, you will need to be aware of the actual situation: vendors you are working with, contracts in place and duration, quality... But also internal in your company, decision levels for changes, demand, spent analysis...
And your focus; being your scope and the business scope.
Taking in account all of the above you can make your long term procurement plan, targets, requirements etc. As this is long term is will not be called a tactical plan but your Procurement strategy.
If that is global or local only adds the amount of data that you need to taken in account and decreases the level of detail. To support the global strategy you will need local procurement strategies that take in account (or implement) the global plan.
Koen.

 

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topic Backward Integration in Procurement Positioning Matrix
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topic Extensive Bargaining in Procurement Positioning Matrix
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More on Kraljic Model:
Summary
Discussion Topics
topic Examples of the 4 Product Categories of Kraljic
topic Public Procurement Process
topic What is Purchase Marketing?
topic Beyond the Steady State
topic Sustainability Criteria in Purchasing Strategy
topic Types of E-Procurement Tools
topic E-Procurement Strategy per Category
topic Buygrid Framework (Robinson)
topic Controlling the Supply Chain in an Unstable Environment
topic Factors to Analyse a Purchasing Portfolio Beyond those in the Kraljic Model
topic Rate Contract versus System Contract
topic Software Procurement & Automotive SPICE
topic Tips on Managing a Procurement Department
topic Generic Purchasing-Decision Model
🔥 Kraljic Model for Similar Product Comparison
👀Strategic Process for Global Sourcing
topic Backward Integration in Procurement Positioning Matrix
topic Collaboration Styles of Purchasing Managers
topic Extensive Bargaining in Procurement Positioning Matrix
topic From Company Strategy to Purchasing Strategy to Commodity Strategy
topic Procurement Outsourcing in Procurement Positioning Matrix
topic Product Re-engineering in Procurement Positioning Matrix
topic Criteria for Supplier Categorization
topic Dominant Purchasing Factor: Quality or Price?
topic Best Value Performance Information Procurement System (Best Value PIPS)
topic Kraljic Template & Manual
topic The TIME Factor in Procurement and Logistics Negotiations
topic Dealing with a Unique Supplier While You Don't Have Negotiation Power
Special Interest Group

SIG Leader

Do you know a lot about Kraljic Model? Become our SIG Leader

Knowledge Center

Kraljic Model
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