Before starting the sourcing and procurement project, it is important to define clear goals and objectives that align with the overall business strategy. This will help to ensure that the project stays on track and that the right resources are allocated.

1. 4 Tips for a Successful Sourcing
& Procurement Project
Top Logistic Company in India

2. Establish a Project Plan and Timeline
● Define project goals and objectives
● Conduct stakeholder analysis and identify key
players
● Determine project scope and requirements
● Develop project schedule and timeline
● Allocate resources (people, equipment, budget)
● Implement and execute project activities
● Monitor and control project progress

3. Identify and Involve Key Stakeholders
● Identify stakeholders by analyzing the impact of a
project on different groups and individuals.
● Determine the level of interest and influence of
each stakeholder.
● Engage with stakeholders through regular
communication and collaboration.
● Solicit feedback and address concerns to build
trust and buy-in.

4. Negotiate Contracts and
Agreements
● Identify and prioritize the key terms and
conditions of the agreement
● Research industry standards, laws and
regulations relevant to the agreement
● Communicate clearly and effectively with all
parties involved
● Obtain legal advice, if necessary
● Obtain sign-off and finalize the agreement

5. Implement and Manage Supplier
Performance
● Implement performance improvement plans, if
necessary
● Foster a positive and collaborative relationship
with suppliers
● Encourage suppliers to continuously improve their
performance
● Evaluate the effectiveness of supplier performance
management processes and make improvements as
needed.

6. About Us
● Address:
Life Care Logistic Pvt. Ltd. 37-38,
Lasudia Mori, Dewas Naka, A.B. Road,
Indore – 452010 M.P.
● Website: https://www.lifecarelogistic.com/
● Phone: 0731 4246089
● Email: info@lifecarelogistic.com

7. Thank you..!