ASSIGNMENT HELP | Select one of the six steps that you consider the most important and explain why.

In a well-constructed initial response utilizing the knowledge you gained from the initial readings as well as your own experiences, discuss the following question:

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• There are 6 important steps in the strategic sourcing process. Select one of the six steps that you consider the most important and explain why. Which step is the least important and why?

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You are required to provide a comprehensive initial post with 3-4 well-developed paragraphs that include a topic sentence and at least 3-5 supporting sentences with additional details, explanations, and examples. In addition, you are required to respond substantively to the initial posts of at least two other classmates on two different days.

MODEL ANSWER

Steps in the Strategic Sourcing Process

Discussion

Businesses apply various techniques to cut the cost and maximize profits since higher returns are the target of every business | PLACE YOUR ORDER NOW AT writtask.com | is one of the cost-saving approaches in business. Strategic sourcing is defined as a procurement approach that collects data through a structured, market-based process, conducts quantitative analysis, and applies expert qualitative judgments to secure the best value in | PLACE YOUR ORDER NOW AT writtask.com | in the strategic sourcing process include conducting an opportunity assessment, profiling the commodity, conducting supply market analysis, developing commodity strategy, developing and implementing acquisition strategy, and managing sourcing | PLACE YOUR ORDER NOW AT writtask.com | the commodity is the most important step as demonstrated below.

Profiling the commodity or service is a broad step extending from the supplier to the consumer | PLACE YOUR ORDER NOW AT writtask.com | involves developing a commodity profile based on the internal spend data and customer | PLACE YOUR ORDER NOW AT writtask.com | to know the best supplier of a certain commodity or service in a particular region. The knowledge of the location of the supplier and the customers to serve is necessary in cost-saving.

The commodity profile also helps to assess and understand the current and future opportunities and | PLACE YOUR ORDER NOW AT writtask.com | to understand the key players operating with a certain commodity in business activity. Some areas of interest should understand whether there have been agreements with other suppliers before, customer preferences, and quality of the products or | PLACE YOUR ORDER NOW AT writtask.com | is also helpful in determining the supplier’s reliability and sustainability of the supply.

However, despite the roles played by each strategic sourcing step, developing a commodity strategy may be the least | PLACE YOUR ORDER NOW AT writtask.com | strategy entails developing a purchasing plan document for a particular | PLACE YOUR ORDER NOW AT writtask.com | is used by the suppliers to solve problems in the business by evaluating the commodity’s value, reliability of the partnership, benefits and profits generated out of the | PLACE YOUR ORDER NOW AT writtask.com | tep is less useful since its role can also be accomplished through the other strategic sourcing steps.

Peer Response

PEER 1

Hello,

I agree with you on the steps in the strategic sourcing process. You have introduced your work well by defining strategic sourcing as a systematic process for analyzing the purchase of products and services. You also listed all the steps chronologically before introducing ‘assessing opportunities’ as the step you think is most important.

You are right to argue that the assessing opportunities step, involves identifying and improving opportunities, implementing budget planning, and solving problems encountered at the introduction of the idea. However, your point on collaborations among departments should be framed in a way that shows the importance of assessing opportunities. The step of assessing opportunities promotes collaboration among internal departments opens opportunities for think tanks and planning, thus the success of a business. Your argument on the least important step is very objective, whereby you have centered everything on your experience and personal preferences. For instance, you claimed that you prefer hands-on experience and face-to-face conversations with representatives, instead of its relevance-based reasons. Your conclusion is clear…