Tag: Supplier Strategy

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 +

Category Management

Category Management in Procurement: Complete Guide

Category management is a strategic approach to managing procurement spend by grouping related products and services into categories and developing a structured strategy for each category. Instead of treating every purchase as an individual transaction, category management looks at the entire demand, supply market, supplier base, cost structure, business requirements and risks associated with a