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BEYOND SOURCING: YOUR STRATEGIC PARTNER IN CHINA

CHINA SOURCING
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Emma

Strategic Sourcing: Essential Methods & Processes

Strategic Sourcing

The 7-Step Strategic Sourcing Process


  • Profile
    Analyze the category, spend, and internal requirements.

  • Analyze
    Understand the supply market and your suppliers.

  • Develop
    Formulate a sourcing strategy.

  • Select
    Execute an RFP/RFQ process, negotiate, and choose the supplier(s).

  • Implement
    Onboard the new supplier and integrate them into your systems.

  • Manage
    Continuously monitor supplier performance (Quality, Delivery, Cost, Innovation, etc.).

  • Optimize
    Regularly look for improvement opportunities and refresh the strategy.


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Emma
Strategic Sourcing: Essential Methods & Processes
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