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Procurement Performance

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Vinay Bansal
Vinay Bansal

Strategic Procurement

1 of 12
What you will get by conducting a Strategic Sourcing program? ,[object Object],[object Object]
[object Object],[object Object],[object Object],[object Object],[object Object],Objectives of strategic sourcing
[object Object],[object Object],[object Object],[object Object],[object Object],Top sourcing challenges
Savings Leakage ,[object Object],[object Object],[object Object],2.2% Savings Leakage 5.4% 3.2%
[object Object],[object Object],[object Object],Standardization & Technology
[object Object],[object Object],[object Object],[object Object],Technology
[object Object],Technology
Best in the class technology solutions currently adopted. ,[object Object]
[object Object],[object Object],[object Object],Automation of the strategic sourcing sub processes
[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],The three main domains
Cash Cost Quality Service Purchase Demand Management Supply Base Management Restructure Relationships Increase Competition Optimize Supply Chain Costs Reduce Consumption Consolidate Spend Optimize Specification The Strategic Sourcing triangle is a nice way to represent the value one can created with strategic sourcing Total Cost Management Restructure Supply Base Reduce or Eliminate Transaction costs Reduce Lifecycle & TCO
[object Object],[object Object],[object Object],Summary

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Procurement Performance

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  • 11. Cash Cost Quality Service Purchase Demand Management Supply Base Management Restructure Relationships Increase Competition Optimize Supply Chain Costs Reduce Consumption Consolidate Spend Optimize Specification The Strategic Sourcing triangle is a nice way to represent the value one can created with strategic sourcing Total Cost Management Restructure Supply Base Reduce or Eliminate Transaction costs Reduce Lifecycle & TCO
  • 12.