create your sourcing strategy with Atlas operations
1. Spend Analysis and Requirement Definition
We begin by analyzing your company's spending patterns and defining specific procurement requirements. This involves understanding your purchasing history, identifying key categories, and outlining the necessary specifications for the goods or services needed.
2. Supply Market Analysis
Next, we conduct a thorough analysis of the supply market to identify potential suppliers. This includes assessing market trends, supplier capabilities, and the overall competitive landscape to ensure informed decision-making.
3. Sourcing Strategy Development
Based on the insights gathered, we develop a tailored sourcing strategy that aligns with your business objectives. This strategy outlines the approach for supplier selection, negotiation tactics, and risk mitigation plans.
4. Supplier Evaluation and Selection
We then evaluate potential suppliers through a comprehensive assessment process, considering factors such as quality, cost, reliability, and capacity. This ensures that we select suppliers who best meet your specific requirements.
5. Contract Negotiation and Implementation
After selecting suppliers, we negotiate contract terms to secure favorable pricing and service agreements. Once finalized, we implement these contracts, establishing clear expectations and performance metrics.
6. Procurement and Logistics Management
We manage the procurement process and coordinate logistics to ensure timely purchasing and delivery of products. This includes overseeing transportation, warehousing, and inventory management to maintain an efficient supply chain.