Mapping key internal and external stakeholders and engaging with board members, executives, procurement teams, and key business leaders are critical steps. Gathering insights into current supplier management challenges and opportunities fosters collaborative ecosystems. 4. Supplier Management: Enhancing Efficiency Identifying critical and key suppliers impacting products or services and evaluating existing Supplier Management tools, technologies, and risk management processes are key components. Reviewing category strategies, supply chain mapping, and aligning performance metrics contribute to enhancing efficiency. 5. Segmentation: Strategic Focus for Optimisation Uncovering previous segmentation attempts and refining criteria to match business strategy are key for strategic focus and optimisation. 6. Competency Assessment: Empowering Skills Evaluating skills and competencies in Supplier Management and determining the gap between current knowledge and the ideal state shape a plan for training or upskilling. 7. Voice of the Supplier: Understanding Customer-of-Choice Status Providing input into the Voice of the Supplier question set, approving supplier participants focusing on those vital to the organisation, and reviewing the report to extract key data supporting the need for change and value proposition ensures an understanding customer-of-choice status and what to do to improve it. 8. Creating Value Proposition: Setting the Strategic Direction Defining Supplier Management for the organisation and establishing a value proposition based on collected data, developing a business case, roadmap/action plan, elevator pitch, and steering committee contribute to setting the strategic direction. 9. Enablers: Strategic Leadership and Integration Assigning a Head of Supplier Management or Supplier Management Leader to lead strategic initiatives and formulating a plan to integrate optimisation efficiencies linked to technology, processes, and governance are enablers for success. 10. Output: Crafting a Vision for Future Success Establishing a clear vision for the future, providing a framework for obtaining greater value from supplier relationships, concludes the 100-day plan.
ENQUIRIES@STATEOFFLUX.CO.UK
WWW.STATEOFFLUX.CO.UK
Powered by FlippingBook