Procurement

Supplier Evaluation

Checklist for evaluation of potential supplier – 1. Competency: Capabilities assessment – measurement against our requirement. 2. Capacity: Supplier’s available resources to meet our orders

Supplier Scorecard

Supplier Scorecard is we used to measure suppliers, and to give qualified or certified status to suppliers. Ideally, The best scoring suppliers per commodity group

Review, Aggregate and Consolidate Purchase Requirements & Deliveries Review and Renegotiate existing contracts based Total Cost Avoid/Reduce Maverick Spend Optimize Supplier Base, Inventory, Centralized /

Distributive Vs Integrative Negotiation

There are two opposite types or schools of negotiation: integrative and distributive. Distributive Bargaining Basics It’s a one-time-only occurrence. Except for the deal itself, there

Negotiation Techniques

What is Fact Based Negotiation? Fact-based negotiation is the practice of focusing supplier negotiations on mutually beneficial data on cost structure rather than gamesmanship.

Should Cost Model

A should cost model is a documented calculation of an estimated price that you create by researching all material costs, labor costs, overhead costs, and