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Purchasing Strategy Organizational Management Insurance Analysis Development Sourcing

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Purchasing Strategy Organizational Management Insurance Analysis Development Sourcing

  1. 1. Purchasing Strategy Yo u r C o m p a n y N a m e
  2. 2. 5 Step Purchasing Sourcing Strategy in Insurance Industry 2 Internal Analysis 01 • Analyze spend characteristics • Baseline current pricing, sourcing and buying practices • Identify gaps/ opportunities • Your text here External Analysis 02 • Conduct market analysis • Analyze trends in supply, demand and pricing • Evaluate supplier competitive landscape • Your text here Strategy Development 03 • Identify key sourcing levers and develop sourcing strategy • Quantify opportunity from: supplier innovation etc. • Your text here Sourcing Execution 04 • Develop supplier selection criteria • Review supplier and savings, and other benefits with stakeholder • Your text here Implementation 05 • Setup ongoing supplier management plan • Your text here • Your text here Data Collection & Scoping • Finalize scope • Define service requirements • Identify stakeholders • Your text here Process Steps Activities This slide is 100% editable. Adapt it to your needs and capture your audience's attention.
  3. 3. 6 Core Purchasing Strategy to Improve Organizational Efficiency 3 01 02 03 04 05 06 • Involve key vendors and optimize supplier base to simplify purchasing process • Your text here Supplier Optimization: • Monitors personnel management. Customer relationships, supplier relationships and benchmarking • Your text here TQM Practice: • Help deal with uncertainties and complexities causing supply chain disruptions • Your text here Risk Management: • Provides an opportunity for organizations to provide in-house skills and resources that are unavailable; thereby increasing productivity • Your text here Global Sourcing: • Your text here • This slide is 100% editable. Adapt it to your needs and capture your audience's attention. Vendor Development: • Your text here • This slide is 100% editable. Adapt it to your needs and capture your audience's attention. Green Purchasing: This slide is 100% editable. Adapt it to your needs and capture your audience's attention.
  4. 4. Commodity Purchasing Strategy Process with Market Analysis 4 • Assess and prioritize opportunities based on a thorough analysis of departmental spending • Your text here Conduct Opportunity Assessment 01 • Develop detailed commodity profile including spend profile & specifications • Your text here Profile Commodity 02 • Conduct market analysis to identify industry trends, potential new suppliers etc. • Your text here Conduct Supply Market Analysis 03 • Develop commodity acquisition strategy based on supply market analysis • Your text here Develop Commodity Strategy 04 • Conduct negotiations, evaluate proposals etc. • Your text here Issue RFx & Negotiate 05 • This slide is 100% editable. Adapt it to your needs and capture your audience's attention. Implement & Manage Performance This slide is 100% editable. Adapt it to your needs and capture your audience's attention.
  5. 5. Customer Portfolio Analysis for Purchasing Strategy 5 Develop/Grow Core/Invest Exploit/Harvest Nuisance/Divest Bottleneck • Accept dependency • Your text here • Reduce consequences • Your text here • Reduce dependency • Your text here • Reduce dependency find another supplier Strategic • Exploit build partnership • Maintain partnership • Avoid accept locked-in partnership • Terminate partnership • Your text here Leverage • Partner if risk increases • Add text here • Exploit partner if risk increases • Exploit short-term where possible • Your text here • Convenience buying Non-critical • Poll requirements (non- strategic partnership) • Seek efficient process • Your text here • Pool requirements if attractiveness can be increased • Convenience buying Customer Purchasing Portfolio Positioning Supplier Account Portfolio Positioning This slide is 100% editable. Adapt it to your needs and capture your audience's attention.
  6. 6. Developing Purchasing Strategy Plan to Improve Company Competitiveness 6 • Procurement area interactions and influence • Team development strategy: career growth • Your text here • Continuous improvement of operational processes • Contract negotiation and evaluation • Your text here Procurement Organization Spend Cycle Control • Knowledge of supplier base • Development of key suppliers • Supply base development and innovation • Your text here • Key supplier relationship management • Yearly purchasing plan: actions, objectives etc. • Your text here Strategic Purchasing Plan Supply Base Market Procurement Positioning This slide is 100% editable. Adapt it to your needs and capture your audience's attention. This slide is 100% editable. Adapt it to your needs and capture your audience's attention. This slide is 100% editable. Adapt it to your needs and capture your audience's attention. This slide is 100% editable. Adapt it to your needs and capture your audience's attention.
  7. 7. Framework for Transition from Operative Purchasing to Strategy Management 7 Operative Purchasing • Ensure availability • Local suppliers • This slide is 100% editable. Adapt it to your needs and capture your audience's attention. Tactical Purchasing • Cost analysis • Demand forecasting • This slide is 100% editable. Adapt it to your needs and capture your audience's attention. Purchasing Strategy • Market research • Supplier assessment • This slide is 100% editable. Adapt it to your needs and capture your audience's attention. Strategic Partnership • Supplier integration • Focus on customer value • This slide is 100% editable. Adapt it to your needs and capture your audience's attention. 2020 2021 2022 2023 This slide is 100% editable. Adapt it to your needs and capture your audience's attention.
  8. 8. Key Strategic Aspects of Purchasing Strategy 8 Role and Scope of Purchasing Responsibility • How should purchasing help solidify the competitive position of the company? • What should the scope of purchasing activities be? • Your text here Selection and Development of Supplier Networks • What criteria to be set when choosing suppliers for the corporate strategy? • Your text here Planning and Managing Deliveries and Stock • How are we going to approach different inventory types-materials, services etc.? • What will be the shipping cost versus the storage costs and the production interruption? • Your text here Quality Control and Management of Deliveries • Your text here • This slide is 100% editable. Adapt it to your needs and capture your audience's attention. Identifying and Managing Purchasing Risks • What are the major risks associated with purchasing, like financial risk, delivery and transport risk etc. ? • Your text here 01 02 03 05 04 This slide is 100% editable. Adapt it to your needs and capture your audience's attention.
  9. 9. 9 Team Manager Building Business Strategy for Purchasing Department This slide is 100% editable. Adapt it to your needs and capture your audience's attention. 02 - Text Here This slide is 100% editable. Adapt it to your needs and capture your audience's attention. 01 - Text Here This slide is 100% editable. Adapt it to your needs and capture your audience's attention. 03 - Text Here
  10. 10. 10 Thank You Address # street number, city, state Contact Number 0123456789 Email Address emailaddress123@gmail.com

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