A structured approach to vendor selection leads to better sourcing decisions and outcomes.
Vendor Sourcing and Management Landscape
Vendor sourcing and management should be viewed in three distinct phases – Planning and Operations, Supplier Sourcing, and Supplier Management. Each area provides an opportunity to add value to an overall supplier relationship and should be viewed equally.
Planning & Operations
Focus on spend transparency to build effective and efficient purchasing practices.
Engage with multiple stakeholders to create supplier relationships that align with the corporate strategy and yield bottom line results.
Develop vendors into partners who drive innovation and value beyond expectations.