Day: March 11, 2022

2019july_OCR

2018nov_OCR

2017july_OCR

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… Read More

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… Read More

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 –… Read More

2015july_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… Read More

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:… Read More