Be certain that your organization works with the contracts department to create agreements/contracts/standing orders with successful vendors, which contain the benefits prices, service, technology, asset/inventory management, quality, etc.

More Uses of the Indirect Sourcing and Procurement BPO Toolkit:

  • Ensure you allocate; build strategic relationships with internal stakeholders and suppliers.
  • Develop and implement sourcing strategies that result in a sustainable competitive advantage.
  • Follow governance processes and Purchasing Controls systems to ensure compliance.
  • Steer: physical job requirements.
  • Gather market intelligence and trends for relevant categories and associated sub categories.
  • Optimize supply base moving towards a few strategic suppliers.
  • Provide stakeholders with a balanced view of contract risk and liabilities.
  • Identify insourcing and outsourcing opportunities.
  • Achieve (year on year) value improvements for all aspects of quality, service, and cost.
  • Ensure you conduct; lead contract negotiations.
  • Help you shape the future.
  • Be accountable for sourcing management executes analytics to effectively track and report the performance of specific assigned categories or projects.
  • Ensure you negotiate; recommend solutions to business problems and/or identify opportunities for improvement, and present ideas to leadership.
  • Support supplier escalation processes and supplier relationship management/issue resolution.
  • Drive process and system improvements to enhance purchasing efficiency, cost, and compliance.

 

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