March 11, 2022

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1. Initiation/ preparation 2. Identification of priorities 3. Preparation of strategy 4. Implementation of the changes 5. Maintain the level of performance 6. Continuous improvement

The concept of strategic sourcing was popularized in the 1980s and 1990s and is now considered a standard purchasing strategy used by blue chip companies. Strategic sourcing refers to the process of taking advantage of purchasing opportunities by continually reviewing current needs against purchasing opportunities. It was first established by General Motors in the 1980s

It‘s a long-range plans for ensuring timely supply of goods and/or services that are critical to a firm’s ability to meet its core business objectives. Steps in strategic procurement process Strategic procurements are core acquisitions that could determine organisation‘s success or failure; with potential to bind organisations in to long term contractual agreements. As such,

Strategic Procurement from a sector wide standpoint has many benefits. These benefits include: Cost Reduction – a reduction in the cost to do business; these cost savings should be evident for both the vendor and the companies. Demand Aggregation – an improved ability for Companies to aggregate demand for product and services via term, group

2015july_[tnc-pdf-viewer-iframe file=”https://knecnotes.co.ke/wp-content/uploads/2022/03/2015july_OCR-3.pdf” width=”100%” height=”800″ download=”false” print=”false” fullscreen=”true” share=”true” zoom=”true” open=”true” pagenav=”true” logo=”true” find=”true” current_view=”true” rotate=”true” handtool=”true” doc_prop=”true” toggle_menu=”true” toggle_left=”true” scroll=”true” spread=”true” default_scroll=”0″ default_spread=”0″ language=”en-US” page=”” default_zoom=”auto” pagemode=”none” iframe_title=””]OCR

1. Make a business case 2. Identify the total spend and divide the products into categories of items. 3. Identify the strategies of the business. 4. Obtain support from management. 5. Create high level cross functional teams 6. Strategically review important goods and services e.g. Incorporating customer concerns 7. Best method to acquire the product

Strategic acquisition process with respect to pre-contract, contract and post contract stages Pre-contractual phase: Planning Includes activities related to requirement definition and preliminary procurement planning up to issuance of bid solicitation. During this phase, various activities may arise such as: • Verify the requisition form for goods and services, the funding and the security requirements

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Requirement identification- the organisation will try and identify the requirements and develop the strategies to respond to the market needs or demand which can either be internal or external. This stage involves: justification of the requirement through need analysis clarity of issues such as quality, agency, total spend etc. Budgeting for the procurement e.g. procurement