Axar consulting Strategic Sourcing

Strategic Sourcing’s Vision Trusted business advisor and partner for our stakeholders Involved early in key business discussions Co-develop market strategies to drive maximum value Review historical spend & upcoming spend commitments Proven expertise in delivering total value by: developing valuable supplier relationships, driving cost reductions and leading process improvement

CATEGORY MANAGEMENT Develop and validate the category profile, key stakeholders and their roles and define business requirements Segments spend into categories or subcategories that require unique management Category Definition Category Planning Review and compare performance results to preset objectives and revitalize initiatives for remediation Define category objectives, market analysis, initiatives, and management techniques Category Review Category Strategy Strategic Category Management is a powerful method of managing an organization’s categorized spend as individual strategic business plans, which feed actionable sourcing initiatives producing profitable results. On-Going Management Category Execution Implement performance, supplier, and compliance management plans as appropriate Execute category initiatives identified in strategy and obtain targeted objectives

Sourcing (RfX) Process Project Scope & Opportunity Assessment Meet Stakeholders, to understand requirements Define Project Scope Collect Baseline Spend/ Demand cycle Assess Total Cost of Ownership Engage Finance to confirm Spend Create SharePoint Site Requirement Definition & Market Analysis Identify and Gather Research Sources Technology & Process Discovery Set Cost Reduction and SLA Targets Develop Initial List of Suppliers RFI/Market Condition Assessment Develop RFP Structure Go-To-Market Strategy & RFP Execution Prepare Market Analysis & Finalize Requirements Establish communication with Vendors Send NDA, confirm Intent to bid Create & Issue RFP Conduct Q&A Sessions Create Team Scoring Framework Supplier Negotiations Collate & Evaluate RFP Responses Down Select Suppliers Initiate Supplier Negotiations Arrange for Presentations Supplier Selection Conduct Team Scoring Select & Notify Vendor(s) Contracting Obtain BEC contract draft from Vendor Finalize Contact Terms Communicate Final Contract Terms Notify deselected Vendor(s) Implementation Develop Rollout Plan w/Vendor(s) Monitor plan to track spend & savings Ongoing Vendor Evaluations