Ease of use you want your procurement people to focus on procurement. Heres the fifth installment, you can download the full pdf at the end chapter 5. Swot analysis of a common process, 2015 11 figure 5. Current sourcing process analysis in previous chapters, you broke down your current spend by category and analyzed the supplier market. Despite the obvious need for spend analysis, its not surprising why many organizations continue to initiate sourcing programs without first conducting spend analysis.
Ec sourcing group solutions save us a significant amount of time each day. How incorporating six sigma into strategic sourcing helps. With it, procurement can find ways to save money while also adding value. Spendconsultant takes the pain out of spend analysis. Multiproject strategic sourcing engagement case study. If not, they can consume money and deliver no returns due to lack of adoption. The window into strategic sourcing book online at best prices in india on. As supply chains extend into global markets today, one finds under the heading of strategic sourcing a number of often confusing and disparate methods. For further information, contact any of the contracting officers representatives listed in the table under contracting officers representative cor support. Strategic sourcing highlights steps 1 5 2 what is strategic sourcing. Everyday low prices and free delivery on eligible orders. The ultimate guide to strategic sourcing purchasecontrol. They are a collection of views on good practice within a particular subject area and are intended to provide direction on good practice with some guidance for context and interest.
Paperback spend analysis the window into strategic sourcing by kirit pandit 9781932159936 hardback, 2008 deliveryuk delivery is usually within 9 to 11 working days. The bestpractice templates for projects, sourcing events, contracts, and more are based on geps global procurement expertise. The window into strategic sourcing 9781932159936 by kirit pandit. Whether purchasing goods or services, a few items or a few thousand items, procureports eauction tool can generate signi. It involves internal collaboration with stakeholders and suppliers, as well as critical analysis of spend, and supplier risk management. Access all areas of the cips knowledge online library including tools and templates and supply management stories. Strategic sourcing full case study source one reduces spend. The previous chapter was an introduction to strategy preparation, and i explained the methods you will use when. Strategic management is a broader term than strategy and is a process that includes top managements analysis of the environment in which the organization operates prior to formulat ing a strategy, as well as the plan for implementation and control of the strategy. A global specialty coating company with locations in north america, europe and asia, engaged source one management services, llc to assist in the strategic sourcing of its indirect spend items. The window into strategic sourcing by kirit pandit. Designed for those who are familiar with strategic sourcing but looking to get at the top of their game, expert strategic sourcing programs is conducted by a word class instructor. It provides an executive overview and technical details for practitioners on how a rigorous methodology can identify costsaving opportunities and.
Find powerpoint presentations and slides using the power of, find free. Get project updates, sponsored content from our select partners, and more. We present the details of our framework in the next section. Spend analysis ebook by kirit pandit 9781604277029 rakuten. Analysis, including a comprehensive spend analysis, a total cost of goodsandservices analysis, and a suppliermarketplace analysis. Spend analysis, the window into strategic sourcing. The question is no longer whether to outsource a capability or activity but rather how to source every single activity in the value chain. Spend analysis with functional expertise determines your.
Peep tomingas delta bid have produced a 10 chapter strategic sourcing guide. Impact the bottomline cost reduction is typically the primary goal of most strategic sourcing initiatives, because savings in cost of goods sold cogs. Key spend analytic attributes that impact strategic sourcing. Enhance your network and get connected to a global community of 120,000 in 150 countries. The window into strategic sourcing for ipad, android, reader for free. Online auctions are an integral part of the strategic sourcing process. We also have many ebooks and user guide is also related with spend analysis the window into. The window into strategic sourcing kindle edition by pandit, kirit. We present main issues in development of a spend analysis software, and give an overview of current spend analysis systems. What it is what it is not focused on the total cost of ownership tco incorporating. The window into strategic sourcing is the definitive text on strategic sourcing, written by leaders in the field. A growing number of senior executives are coming to.
Get out of debt fast, live cheap, debt free, spend less the theory of interest as. How incorporating six sigma into strategic sourcing helps strengthen the supply chain in the early days of manufacturing, managers often relied on guesswork when adjusting their processes. Nov 06, 2017 for spend data to drive real value, organizations must take action on it. The sourcing strategy development phase is an iterative process that involves deep dive analyses of the citys current it environment, including utilized resources and associated costs. It is currently the only reference that provides indepth guidance on what spend analysis really is, what it involves specifically and how to use it in your journey to worldclass performance.
Driven by a rigorous multistep process a collaborative crossfunctional team approach driven by fact based analysis and market intelligence. Spend analysis the window into strategic sourcing 1st edition. We value our partnership with ec sourcing and the sourcing management solutions they provide us. Strategic sourcing is a process that creates efficiencies across all spend categories, minimizes supply risks with improved supplier selection, and gives visibility into pricing and forecasting. Take a look at the various approaches to spend analysis and strategic sourcing described in this white.
Spend analysis software strategic sourcing software. Below is an overview of some of the more commonly used strategic analysis tools. Narrow down possible suppliers and select the desired suppliers. We provide analyses, information, spend analysis software and overall guidance to improve efficiency and strengthen cash flows across your entire organizational supply chain. So why do many tools force your team to contend with cost accounting codes, general ledgers, and other highlytechnical details. Spend analysis is the most critical component, and the starting point, of strategic supply management and is essential to achieving worldclass performance.
The first step of strategic sourcing is to assess opportunities by conducting a spend analysis, which is a quantitative technique used to better understand patterns in spending by examining costs. A careful spend analysis that ties technology and consulting expertise can boost spend visibility and help convert senseless raw data into strategic sourcing opportunities to achieve savings. As procurement moves to a more strategic function in the company, spend analysis is its. Few companies have employed standard procedures or systems to control spending from sourcing through purchasing compliance and quality assurance according to aberdeen group, the category spend management report series 2004. Ofpp strategic sourcing strategic sourcing ofpp a structured and collaborative process of analyzing an organizations spend and using the information to make business decisions about acquiring commodities and services more efficiently and effectively. In a production environment, it is often considered one component. A possibility of opportunities to realise benefits missed by strategic sourcing and the. These form the sample used to develop our insights. Strategic sourcing is the process a business uses to allow procurement to take the lead in satisfying business needs. The window into strategic sourcing by pandit, kirit, marmanis, haralambos isbn. So, far from being just another strategic sourcing tool, gep smart is where sourcing forms a critical link in the chain from savings opportunities to realized savings. How to strategic sourcing chapter 5 procurement and. A common process structured around questions and transparent models, 2015 12 figure 6. Spend analysis solutions with functional expertise determine your strategic sourcing plan gep.
In this video, we will look at how you can apply strategic sourcing strategies and processes to achieve competitive advantage. The strategic sourcing and data analysis ssda office assists in converting and creating statements of work into performance based contracting format. If you cant analyze your spend a growing number of senior executives are coming to realize that strategic supply management can be a significant driver of improved corporate performance. As globalization changes the basis of competition, sourcing is moving from the periphery of corporate functions to the core. Free strategic sourcing and esourcing research download.
The ultimate goal of the sourcing strategygy p phase is to recommend a specific sourcingg. Search engine dedicated to finding the most pdf files, word documents, excel spreadsheets and more documents hidden on the internet. A growing number of senior executives are coming to realize that strategic supply management can be a significant driver of improved corporate performance. Strategic sourcing spend analysis spend consultant support. Fundamental to the ssdb is sharing strategic sourcing best practices and lessons learned. In a previous post i discussed what strategic sourcing was all about, in todays post i would like to introduce what i call the seven steps to strategic sourcing. Additionally, strategic sourcing is an organizational procurement and supply management process used to locate, develop, qualify, and employ suppliers that add maximum value to the buyers. Strategic sourcing is organized since some type of methodology or process is needed. International delivery varies by country, please see the wordery store help page for details. The window into strategic sourcing, pandit and marmanis 2008 propose that a. Strategic sourcing can be defined as a collective and organized approach to supply chain management that defines the way information is gathered and used so that an organization can leverage its consolidated purchasing power to find the best possible values in the marketplace we cannot build up the significance of operating in a collaborative manner. The board is chaired by the deputy director, dpapss.
An overview of global strategic sourcing strategic. Strategic sourcing defense technical information center. Sourcing strategies and their implementation in the aerospace. This causes back and forth steps in the overall sourcing procedure. Strategic management process book pdf free download mba. Strategic sourcing, which is considered a key aspect of supply chain management, involves elements such as examination of purchasing budgets, the. Strategic sourcing is a logical process involving the application of tools by skilled, competent and knowledgeable people.
It is the fruit of a collaborative endeavour carried out over the past two years. Delta bid have produced a 10 chapter strategic sourcing guide. Fundamentals of strategic management sage publications. Strategic analysis tools topic gateway series 5 one of the key skills of a strategic analyst is in understanding which analytical tools or techniques are most appropriate to the objectives of the analysis. We present flowchart of spend analysis process in form of a dataflow diagram. Delivering customer value through procurement and strategic.
Drafted by strategic sourcing executives working for a variety of quebec manufacturers, it is intended to provide. Read spend analysis the window into strategic sourcing by kirit pandit available from rakuten kobo. While this is a concern for strategic sourcing and for the company as a whole the problem extends to the following. It results into financial benefits to the organizations in the. Strategic sourcing is a structured process to source large recurring spend for the business. Unfortunately, 39% of enterprises fail to link the output of their spend analysis efforts to their sourcing processes thereby leaving significant savings on the table. It is currently the only reference that provides indepth guidance on what spend analysis really is, what it. Each week, pasa will be bringing you a new chapter. Strategic sourcing is a procurement process that connects data collection, spend. These bottlenecks in the process bring delays in the closeout of the trade.
The window into strategic sourcing is the definitive text on this important subject, written by leaders in the field. Developing and implementing a strategic sourcing strategy. Strategic sourcing process framework, 2015 6 figure 3. Jason busch, founder and managing director, and thomas kase, vice president of research, present the past and future of strategic sourcing looking back to look forward at esourcing. Link spend analysis efforts to your sourcing processes. Strategic sourcing uses business process innovation to reduce costs while increasing operational effectiveness. Here at askvenkat we are providing mba books links for free.
Marmanis and a great selection of similar new, used and collectible books available now at great prices. The strategic sourcing directors board ssdb serves as the primary strategic sourcing communication link across the dod community for policy and guidance related to strategic sourcing. You can skip ahead to the most relevant areas or download the whole guide for future reference as a pdf. Spend analysis the window into strategic sourcing pdf best of all, they are entirely free to find, use and download, so there is no cost or stress at all. A word from the strategic sourcing steering committee we are proud to present to you this guide to good practice strategic sourcing. Checklist strategic sourcing determine selection criteria for potential suppliers. Stay in touch and up to date through member only events and branch meetings.
The first step in strategic sourcing details the baseline process that an organization should follow to establish a functional strategic sourcing program grounded on accurate expenditure information. The window into strategic sourcing this is the first reference to provide indepth guidance on spend analysis. Develop negotiation strategies and define the goal, bottom line and alternatives. Spend analysis 101 comprehensive guide for beginners sievo. Leveraging strategic sourcing and knowledge management to improve the acquisition of knowledgebased services. This book was one of the important subject and also an important book for mba students.
Sep 18, 2015 brand new research is now available from the spend matters team. Seven steps to strategic sourcing in the supply chain. Rent spend analysis the window into strategic sourcing 1st edition 9781932159936 and save up to 80% on textbook rentals and 90% on used textbooks. Typically, strategic sourcing cost savings over an initial. Identify savings by dividing projected and actual costs. The sourcing team do not have a clear understanding of the customers needs and that has a strong impact on the strategic sourcing and on the supplier management. Download it once and read it on your kindle device, pc, phones or tablets. Strategic sourcing is an institutional procurement process that continuously improves and reevaluates the purchasing activities of a company. What is strategic sourcing and why is it important. Pdf spend analysis the window into strategic sourcing. To conduct our analysis we divided this sample into three groups which we label leaders, followers and laggards based on the firms performance. Spend analysis by kirit pandit and haralambos marmanis book.
The results of a wellmanaged strategic sourcing initiative can be impressive and the benefits can be extended well beyond cost reduction. It may be difficult to standardize some requirements for services. The window into strategic sourcing is the definitive text on this. A method of managing procurement processes for an organization in which the procedures, methods, and sources are constantly reevaluated to optimize value to the organization.
It provides an executive overview and technical details for practitioners on how a rigorous methodology can identify costsaving opportunities and ensure that results reach the bottom line. This spend analysis book is currently the only reference that provides indepth guidance on the spend analysis process, what it involves specifically and how to use it in your journey to worldclass performance. The window into strategic sourcing ebook written by kirit pandit, haralambos marmanis. Read spend analysis by kirit pandit, haralambos marmanis for free with a 30 day free trial. In the services industry, strategic sourcing refers to a service solution, sometimes called a strategic partnership, which is specifically customized to meet the clients individual needs. How to strategic sourcing chapter 3 procurement and. Strategic sourcing is a method of managing procurement processes for an organization in which the procedures, methods, and sources are constantly reevaluated to optimize value to the organization by allowing them to buy more effectively and efficiently. Figure 2 aerospace sourcing frontiers and timeline p. The window into strategic sourcing is the ultimate handbook on spend analysis for firms who are looking at spend analysis software solutions to better understand their procurement spend and pursue opportunities such as leveraging of purchases, supplier consolidation, parts rationalization, reduction of maverick spend, contract compliance, etc. Strategic management book pdf free download mba books strategic management process book pdf free download. Always important in terms of costs, sourcing is becoming a strategic. Developing the strategic sourcing strategy is a fundamental part of the purchasing and supply management process.
The key phases of the strategic sourcing process phase 1. This report contains the strategic procurement technologies sourcing, analytics, clm, and srm solutionmap, a comparative analysis of spt technology solution suite providers for q4 2018. Now you will begin to analyze your current sourcing process. A possibility of other benefits that are not reported by strategic sourcing and 2. Strategic sourcing an ongoing process of reducing overall cost and managing supply risk, while improving internal and external processes. Heres the initial installment, you can download the full pdf at the end chapter 3. We even offer a free solution to source ones strategic sourcing clients. Failures and missed opportunities were common, as tweaks to manufacturing and supply lines were frequently based on gut feelings. Spend analysis process prep for strategic sourcing. Currently, the army is engaged in several strategic sourcing initiatives, including leading the dodwide wireless devices initiative. However, before taking on this sweeping task its important to learn all of the key phases and steps involved in the strategic sourcing process. Introduction one of the important activities in any organization today pertains to procurement of materials and services that it requires in order to convert raw material into finished products that are useful for the customers. Ron and his team helped us design and develop the custom solution we needed and continue to add new features each year to make our jobs easier.
Rather, it is a multiyear systemic approach consistently applied throughout the ongoing business operations of the organization. Strategic sourcing methodology pdf semantic scholar. It is currently the only reference that provides indepth guidance on what spend analysis really is, what it involves specifically and how to use it. Sourcing professionals from a total of 129 firms returned complete and useable responses. Figure 5 supplier dependent inputs for karys total cost sourcing model p. Cips has formulated positions on strategic sourcing as this is a key activity for purchasing. Strategic sourcing and data analysis nih supply center. Strategic sourcing introduction the cips practice documents are written as a statement in time. View and download powerpoint presentations on strategic sourcing ppt.
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