1. Make a business case
2. Identify the total spend and divide the products into categories of items.
3. Identify the strategies of the business.
4. Obtain support from management.
5. Create high level cross functional teams
6. Strategically review important goods and services e.g. Incorporating customer concerns
7. Best method to acquire the product that minimizes costs while maintaining quality service and delivery.
8. Identify suppliers on the cross functional teams.
9. Develop an overall strategic sourcing plan.
10. Obtain management approval to implement the plan.
11. Implement the plan.
12. Monitor and evaluation.
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