Strategic Process for Global Sourcing

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Neetu Pathak

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?

  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.

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