This presentation is an example of the process taken to execute a strategic sourcing exercise for Wireless spend. The Wireless spend category relates to mobile phone services (e.g. Verizon Wireless, AT&T Wireless).
This Wireless Spend Sourcing Framework provides a comprehensive approach to managing wireless expenses. It begins with a detailed spend analysis, covering metrics such as total voice cost, data usage, and equipment pricing. This analysis is crucial for identifying cost-saving opportunities and benchmarking against industry standards. The framework also emphasizes the importance of capturing contract terms and early termination fees to avoid unexpected costs.
The PPT outlines best practices for governance and change management, ensuring that procurement processes are both compliant and efficient. It includes strategies for consolidating spend, rationalizing vendor bases, and centralizing billing. These practices are designed to streamline operations and maximize savings across the organization. The framework also highlights the need for a cost-benefit model to determine the optimal contract dissolution time, helping to avoid unnecessary penalties.
The framework offers a fast-track option for requirements analysis and RFP development, which can be completed in as little as three weeks. This option includes a validation workshop to leverage internal knowledge and align stakeholders. The final step in the process is contract negotiation, which should be a collaborative effort between the Wireless Sourcing and Legal teams. The two-phase Reverse RFP process is recommended to secure the best possible rates from vendors.
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Source: Best Practices in Procurement Strategy, Sourcing Strategy, Strategic Sourcing PowerPoint Slides: Wireless Spend Sourcing Framework PowerPoint (PPT) Presentation Slide Deck, vinay
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