Comprehensive Framework for Strategic Sourcing PPT

This PPT slide, part of the 156-slide Post Merger Integration (PMI) Change Management PowerPoint presentation, outlines a structured approach to strategic sourcing, emphasizing 3 core components: Strategic Purchasing, Demand Management, and Change Management. The primary goal is to achieve cost savings through these interconnected elements.

Under Strategic Purchasing, the focus is on reviewing external procurement practices and reorganizing supplier partnerships. This aims to enhance value in terms of price, quality, and service. The tangible results expected from this component include improved supplier relationships and optimized procurement strategies.

Demand Management is centered on expense reduction. It suggests strategies for cutting costs by minimizing or eliminating the need for certain goods and services. The slide introduces a Demand Reduction Hierarchy, which categorizes approaches from aggressive demand elimination to reducing quality and frequency of purchases. This tiered approach allows organizations to systematically address demand issues.

Change Management ties the entire process together by ensuring that realized savings are effectively integrated into the organization. This involves transforming the organizational structure, processes, policies, and systems to sustain the benefits of strategic sourcing. Key areas highlighted include organizational skills, process redesign, and the implementation of technology tools to support these changes.

The slide serves as a comprehensive overview for executives looking to understand how a strategic sourcing approach can drive cost efficiencies while fostering a culture of continuous improvement. It emphasizes the importance of aligning procurement strategies with broader organizational goals to maximize impact.

This slide is part of the Post Merger Integration (PMI) Change Management PowerPoint presentation.

This toolkit is created by trained McKinsey, BCG, and Porsche Consulting consultants and is the same used by MBB, Big 4, and Fortune 100 companies when performing Merger Integration Initiatives.

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