It seems there are Famous Steps to Strategic Sourcing

March 9th, 2023

As such, SafeSourcing must be famous too.


Today’s post is by Ronald D. Southard, CEO at SafeSourcing Inc

I was reading a post on LinkedIn by Amintore Confalonieriv titled The Famous 7 Steps of Strategic Sourcing that caused me to reflect on a section of our customer prestation that we have used in sales and kickoff meetings for fifteen years when discussing how we take a category to market that compares favorably with Amintore’ s Seven Steps of Strategic Sourcing.  I didn’t know they were famous, but they do align pretty well. I think you’ll enjoy the read. They are as follows.

Below are the Famous Seven Steps

  1. X Ray Phase | Fully understand the spend category.
  2. Supply Market Analysis
  3. Develop the Sourcing Strategy
  4. Start Sourcing Process
  5. Negotiation and Selection
  6. Communicate & Implement
  7. Benchmarking

And here are the seven steps that SafeSourcing uses. Pretty similar, I think. So, are we famous? I certainly hope so. If you are looking at your own process in Strategic sourcing or even tactical spot buys, I would read the Amintore’ s post. You could also call us at SafeSourcing for a more detailed explanation of our now famous steps.

  1. Analysis
  2. Value Assessment
  3. Strategy Development
  4. Event Setup
  5. Source Participants
  6. Event Execution
  7. Reporting/Analysis

SafeSourcing is a Procure to Pay SaaS based provider of a number of e-Procurement solutions and associated white glove services that are part of our SaaS offered SafeSourceIt™ eSourcing suite . These include but are not limited to SafeContract™, SafePO™, SafeDocument™ and our SafeSourceIt™ Global Supplier Database  that includes over 557,000 vendor/suppliers.

For more information, please contact a SafeSourcing Customer Services Associate.







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