Tag: Procurement Cost Management

Category Strategy

Sourcing Strategy Development: Complete Procurement Guide

A procurement team can analyze spend, study supplier markets and evaluate costs, but these activities create limited value unless they lead to a clear sourcing strategy. Sourcing strategy development is the process of converting procurement intelligence into a structured plan for how, where, and from whom an organization should source goods or services. A strong

Capacity Planning

Make-or-Buy Analysis in Procurement: Cost, Strategy & Decision Guide

Make-or-buy analysis is a strategic procurement decision used to determine whether an organization should produce a product, component or service internally or purchase it from an external supplier. The decision is more complex than comparing internal production cost with a supplier quotation. A proper make-or-buy analysis considers: Cost + Capacity + Quality + Capability +