Procurement process business category suppliers negotiate contract performance
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Presenting procurement process business category suppliers negotiate contract performance. This is a procurement process business category suppliers negotiate contract performance. This is a seven stage process. The stages in this process are procurement process, purchasing process, buying cycle.
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Content of this Powerpoint Presentation
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.
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