SYSTEM AND METHOD FOR FACILITATING STRATEGIC SOURCING AND VENDOR MANAGEMENT
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United States of America Patent
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app pub date -
Jan 31, 2014
filing date -
Jun 1, 2007
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Abandoned
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Abstract
A system and method for facilitating consistent management of a repeatable procurement process within an organization is disclosed. The system enables various members of the organization to follow a set of defined core processes to engage stakeholders by understanding the stakeholder's business and building a trusted advisor relationship. Further, the core processes define an analysis stage that includes an opportunity assessment, development of a strategic plan, development of a commodity profile, and finalizing a sourcing plan. Sourcing includes obtaining sponsorship, assembling a sourcing team, selecting suppliers for an RFP, and selecting a supplier based on a proposal. The core process for performing negotiations and contracting includes developing a negotiation strategy, performing the negotiation, selecting suppliers, and obtaining funding.
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