Are you a strategic sourcer? Is your company taking full advantage of its resources in order to prevent the loss of finance and purchasing management support? You can recession proof your business by testing yourself on how well you comply with the following ten points:
- Are you utilizing creativity in every aspect, including suppliers and strategies?
- Do you collect data on every aspect of the market in order to create savings?
- Do you frequently reassess and examine your sourcing strategy?
- Have you created a long list of possible suppliers?
- Do you keep open and frequent communication with suppliers?
- Do you use a fact-based market picture?
- Do you negotiate all issues?
- Do you plan each sourcing action before implementing it?
- Is your company managed for performance and savings?
- Are you watching your competitors and how they source and supply?
If the answers to all of the above questions are yes, you have passed the test. If not, use these questions as hints leading you toward creating a better company with enhanced sourcing and supply abilities.
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