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Purchasing Model

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Purchasing Model

  1. 1. PURCHASING MODEL Planning  ASSESS YOUR NEEDS What you buy, where, budget, how can you reduce cost  SCAN THE MARKET Who sells what, price, key trends in market, emerging suppliers  IDENTIFY POTENTIAL SUPPLIERS Build a short list linking needs assessment and market scan  DEFINE YOUR SOURCING BENCHMARKS Order size , frequency, reliability, quality, value for money, service, communication, relationship, risk, compliance, sustainability, ethics
  2. 2. PURCHASING MODEL 2 Action  ISSUE RFI, RFP, RFQ Request For Information, Proposal , Quotation to suppliers  NEGOTIATE CONTRACT WITH SUPPLIER Use Positional Bargaining 4 Step Method ©  REVIEW SUPPLIER PERFORMANCE Evaluate performance and compliance with contract