What is the evolution of procurement worldwide?

The Procurement Mandate encompasses 3 critical functions:

1. Management of Spending
2. Supporting of Operations
3. Protection of the organization from Risk

The Modern Supply Chain has Global Reach, Significance, and Impact. The following are critical factors that have affected the evolution of the procurement function.

1. Socio-Demographic Trends
2. Competitive Intelligence and Competitor Trends
3. Ecological Trends
4. Economic Trends
5. Political Trends
6. Technological Trends
7. Industry Trends
8. Customer Trends

The most eminent, disruptive, evolution of the above trends or issues are Political factors caused by looming Trade Wars and Technological factors caused by Big Data and Cyber Security concerns.

These issues are compounded by a trending shortage of properly trained professionals equipped for the demands of International Procurement.

The Next Level Purchasing Body of Knowledge underpins, integrates and enhances the essential components of Smart International Procurement and Global Sourcing in simple how to do steps. This cutting-edge BOK is designed by practitioners for practitioners.

To overcome these barriers to success and supply chain synergyprocurement professionals must continuously scan the above trends to determine risk and protect their organizations.

The need for a Robust Global Sourcing Strategy:

Next Level Purchasing Association has developed the 10 Phase World-Class Sourcing Process.

Those 10 Phases are:

1. Phase I: Objective Definition
2. Phase II: Current Business Analysis
3. Phase III: Requirement Determination
4. Phase IV: Market Survey
5. Phase V: Bid Preparation
6. Phase VI: Proposal Request
7. Phase VII: Proposal Analysis
8. Phase VIII: Contracting
9. Phase IX: Determine Success of Sourcing Process
10. Phase X: Performance Measurement/Supplier Management

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Created on Oct 4th 2018 07:58. Viewed 428 times.

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