Framework for Strategic Procurement Optimization PPT

This PPT slide, part of the 24-slide Purchasing Chessboard PowerPoint presentation, presents the "Purchasing Chessboard," a framework designed to enhance procurement strategies through 16 specific levers derived from 4 core purchasing strategies. At the top, the slide outlines these 4 strategies: "Change nature of demand," "Manage spend," "Seek joint advantage with supplier," and "Leverage competition among suppliers." Each strategy serves as a foundation for the levers that follow, which are categorized under them.

Under "Manage spend," several levers are highlighted, including "Innovation breakthrough," "Risk management," and "Demand management." These levers focus on optimizing expenditure and ensuring that resources are allocated effectively. For instance, "Innovation breakthrough" suggests that organizations should explore new methods or technologies to improve procurement processes.

The second strategy, "Seek joint advantage with supplier," emphasizes collaboration with suppliers to create mutual benefits. This includes levers like "Value chain management" and "Cost partnership," which aim to foster deeper partnerships that can lead to improved efficiencies and cost savings.

The third strategy, "Leverage competition among suppliers," is crucial for driving down costs and enhancing service levels. Levers such as "Tendering" and "Supplier pricing review" indicate a focus on competitive bidding and regular assessments of supplier pricing to ensure value.

Overall, the Purchasing Chessboard framework provides a structured approach for procurement professionals to navigate complex purchasing decisions. It emphasizes the importance of strategic thinking and collaboration in achieving procurement goals. This slide serves as a valuable resource for organizations looking to refine their purchasing strategies and drive operational efficiencies.

This slide is part of the Purchasing Chessboard PowerPoint presentation.

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Procurement Strategy Supplier Negotiations Risk Management Strategic Thinking Value Chain Innovation

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