1. STRATEGIC SOURCING LEARNPPT.COM

2. Strategic sourcing PRODUCT OVERVIEW This is a proven framework used by global strategyconsulting firms for Fortune 500 companies. Learnthis methodology and enrich your expertise. Then,save time by lifting slides directly from thispresentation into your own. Strategic Sourcing, alsocalled Procurement Strategy or Sourcing Strategy,allows an organization to realize significant savingsacross all its cost centers, from office supplies to cellphone plans. It is one of the most common andimpactful cost reduction opportunities, particularlyfor large organizations with numerous business units.This document details a 4-phase framework toProcurement Strategy, outlining time frames,activities, and outputs. 3. DETAIL DESCRIPTION The Strategic Sourcing (or Procurement Strategy) document isa 17-slide PowerPoint document outlining a four-phaseprocess to executing a strategic sourcing initiative. This is thesame approach used by top tier management consulting firms.The four phases are defined as follows: Assessment Snapshot Spend Analysis Category Sourcing Implementation 4. DESCRIPTION Each phase is further sub-divided into stages. Forinstance, the Spend Analysis phase is broken into thefollowing 5 stages: Source Data Clean and Validate Data Develop Spend Data Analysis Tool Review and Analyze Data Generate Savings Estimate 5. Analysis phase For each stage, specific activities, timeframes, and outputs/deliverables areidentified (where applicable). TheCategory Sourcing phase is broken intotwo distinct tracks: one for sourcing aCommodity Category and the other for aSpecialty Category. "Specialty"categories are typically strategic innature, involve a much more complexsituation, and require a longer timeframe.