Procurement process business category suppliers negotiate contract performance

Description:

This PowerPoint slide illustrates a seven-step procurement process, from understanding business needs to managing supplier performance. Each step is represented by a distinct colored segment with an icon, emphasizing the progression through stages of strategic procurement.

The steps are as follows:

1. Understand The Business Need – 

Indicates the initial phase of recognizing the requirements that the procurement process aims to fulfill.

2. Identify Potential Suppliers – 

Involves researching and finding potential suppliers who can meet the business needs.

3. Develop Category Strategies – 

Refers to creating specific approaches for different categories of procurement to maximize efficiency and value.

4. Create A Sourcing Strategy – 

Entails formulating a plan for approaching the market and potential suppliers.

5. Negotiate and select competitive supplier – 

The process of discussing terms and selecting the most advantageous supplier.

6. Finalize Contract – 

Involves the completion and signing of a contract with the chosen supplier.

7. Manage Supplier Performance – 

The ongoing process of monitoring and managing the performance of suppliers to ensure contractual obligations are met.

Use Cases:

Industries:

1. Retail:

Use: Streamlining product sourcing and supplier management.

Presenter: Procurement Manager.

Audience: Supply chain team.

2. Construction:

Use: Efficient management of material suppliers and contract negotiation.

Presenter: Supply Chain Director.

Audience: Project managers, contractors.

3. Healthcare:

Use: Procuring medical supplies and managing vendor relations.

Presenter: Supply Chain Analyst.

Audience: Hospital procurement team.

4. Manufacturing:

Use: Securing raw materials and ensuring quality supplier performance.

Presenter: Strategic Sourcing Manager.

Audience: Operations and production managers.

5. Technology:

Use: Sourcing components and managing contracts for tech production.

Presenter: Chief Procurement Officer.

Audience: Procurement and finance teams.

6. Government:

Use: Implementing public procurement policies and managing public contracts.

Presenter: Government Procurement Specialist.

Audience: Public sector procurement officials.

7. Education:

Use: Managing procurement for educational supplies and services.

Presenter: Director of Procurement.

Audience: School district administrators.