Most companies spend over 50% of revenues on the purchase of materials, goods and outside services.  Yet most firms, regardless of size, rarely harness this enormous power in any systematic way. By this we mean creating a plan to manage spend at a category level and with regard larger corporate objectives, financial and strategic. A true Strategic Sourcing program should be a competitive advantage, not just margin enhancer.

The Global Ladder approach to 
Strategic Sourcing

 

1. Category Management. Comprehensive planning at the highest level of spend aggregation.

2. Spend Management. Applying data collection tools and analysis to gain a thorough understanding of spend data. This leads to effective segmentation, knowledge of internal users and buying patterns, and improved supplier visibility.

3.  Collaboration Techniques. Developing the structures to access knowledge from internal customers/stakeholders and suppliers to strengthen planning and execution.

4. Sourcing Methodology. Seven Step process that ensures sourcing events are executed systematically and are integrated into the broader Category Management Strategy.

Read more about Global Ladder's processes for Strategic Sourcing

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