SYSTEM AND METHOD FOR FACILITATING STRATEGIC SOURCING AND VENDOR MANAGEMENT

摘要

A system and method for facilitating consistent management of a repeatable procurement process within an organization is disclosed. The system enables various members of the organization to follow a set of defined core processes to engage stakeholders by understanding the stakeholder's business and building a trusted advisor relationship. Further, the core processes define an analysis stage that includes an opportunity assessment, development of a strategic plan, development of a commodity profile, and finalizing a sourcing plan. Sourcing includes obtaining sponsorship, assembling a sourcing team, selecting suppliers for an RFP, and selecting a supplier based on a proposal. The core process for performing negotiations and contracting includes developing a negotiation strategy, performing the negotiation, selecting suppliers, and obtaining funding.