Strategic Sourcing Procurement Professionals Public Sector Benefits of Outsourcing

How Do I Implement Procurex Technology

Get top management support

It is very important that top management actively supports a strategic-sourcing project initiative. Using strategic-sourcing projects brings increased competition among suppliers for your purchases and a new process for selecting suppliers and negotiating supply contracts. These can be major changes to any organization. Top management support and involvement will help to overcome resistance to change, as well as promote a positive image of the new technology.

Strategic Sourcing Project Implementation

This step encompasses identifying a good purchase item or category, and then creating and conducting the first bidding event.

1. Create a schedule and timeline for the project
    
2. Generate clear and complete specifications and requirements
    
3. Locate and pre-qualify suppliers
    
4. Invite pre-qualified suppliers to register for your event
    
5. Communicate the process to suppliers and answer all questions
    
6. Build and conduct a training event for suppliers
    
7. Load company-specific terms and conditions
    
8. Upload requirements and specifications
    
9. Conduct the event
    
10. Review the results and select the winning supplier
     

Continuous Usage of Procurex

Typically, the first strategic sourcing project can be the most time-consuming due to the learning curve. However, the return on your time investment is very high. Our experience has shown that the first successful event usually creates a lot of enthusiasm in the organization and more purchase categories are quickly identified as good candidates for strategic sourcing. Most buyers often begin to view strategic sourcing as a key strategic purchasing initiative and a core competency.
 

Learn how to be successful when working with Procurex.

 

 

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