Sourcing Strategy and Supply Market Analysis: Top Choice in Johor Bahru (JB), Malaysia Growthvue Management & Consultancy (M) Sdn Bhd

Description

The intent of this module is to provide participants with the information and knowledge to learn how strategic sourcing is critical to successful procurement outcomes, understanding the elements that go into a situation analysis for strategic product purchases, and finding a most efficient way to complete a rich situation analysis. The module will also provide participants with the knowledge to use strategic sourcing tools like Porter’s Five Forces, PEST (Political, Economic, Social, Technological) and SWOT (Strengths, Weaknesses, Opportunities and Threats).

Customer and business requirements

What do our customers need and what does the business need?

Spend analysis

Historical usage analysis of goods or services
Supplier positioning
Supplier historical analysis
Transaction cost analysis

Future spend analysis

Forward/expected usage of goods and services
Trends in the market.

Market analysis

Assessment of the market capability
Analysis of power dependency in supply chains
Analysis of individual marketplaces
Supplier preferencing
Relative positioning of your organisation
The nature of the market – appropriate type of sourcing strategy – global, regional or local

Consolidate data and generate options: Develop sourcing plans

Risk analysis
Make/buy options; dual/single source decisions; feasibility of starting up partnerships with suppliers; benefit sharing
Selection of option – business case, ROI Specification development
Developing processes for supplier selection and performance criteria
Producing and managing the sourcing process, conducting negotiations and recommendation of contract award

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