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The Seven Stages of a Sourcing Strategy

Resource Origin: Supply Management

"A diagnostic of a company’s spend must first be undertaken.

Divide the total corporate spend into categories that relate to the supplier markets, and then further divide spend categories by business units or locations to identify each supplier.

This initial diagnostic is required to be only around 80 per cent accurate to have relevance and to offer valuable insight.

If and when sourcing teams need to refine spend data for each category, the supplier may be a more accurate source. This is discussed further below.

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