Day: March 12, 2022

The purpose of an Opportunity Analysis initiative is to facilitate the identification and capture of sourcing process improvements and savings opportunities. These opportunities can come in many forms, such as: Improve sourcing processes: Increase efficiency of internal processes and eliminate Read More …

An Opportunity Analysis is an initiative that attempts to identify ways to capture value through sourcing. These opportunities are identified after analysing organisational requirements, supplier spend, current sourcing processes and other data sources. An Opportunity Analysis initiative can differ in Read More …

Kraljic matrix Seller‟s Perception Matrix The Seller‘s Perception Matrix, sometimes known as Supplier Preferencing, allows the buyer to gain an appreciation of the supplier‘s perception of the organisation as a customer in their overall market. It complements Portfolio Analysis and Read More …

The evolution of the “cost research” function at Honda of America illustrates this concept. Initially, Honda employed a group of 20 to 25 experts in a central purchasing function who worked cooperatively with suppliers to develop sophisticated cost models. Over Read More …

Strategic sourcing goes beyond negotiating for better prices with suppliers. This approach takes into consideration the entire cost of ownership. This includes those creating the demand for the goods and services, the internal processes, specifications, as well as, operational practices. Read More …