I concur… prioritize what your stakeholder’s “wants” from the “needs”. Make sure that the scope is locked down as much as possible and avoid scope creep from the end user as well as the supplier. Manage the process accordingly.

To save costs in supplier sourcing through logical reasoning: Analyze spend data to identify cost drivers and negotiation levers. Consolidate purchases to leverage volume discounts. Explore alternative suppliers to foster competition and lower prices. Implement long-term contracts with price locks for predictable spends. Foster strong relationships for better negotiation outcomes. Use technology for market analysis and efficient process management. Regularly review and optimize the supplier base to ensure value for money.

To save costs in supplier sourcing, evaluate options carefully. Conduct cost-benefit analyses, negotiate terms, and explore alternative strategies like order consolidation. This ensures informed decisions and maximizes cost efficiency.

If a supplier consistently falls short, it is worth examining whether the under-performance is due to a fundamental lack of capability or whether it is because of insufficient communication, coordination and supplier performance management. It is best to ascertain whether the problem circumstances will change by changing suppliers or if (and what) internal changes are in order. Here’s a checklist: ✔ Clear requirements and specifications provided ✔ Reasonable timelines and deadlines set ✔ Adequate onboarding, training, and support offered ✔ Sufficient resources allocated (personnel, equipment, materials) ✔ Effective change management for scope or priority shifts ✔ Adherence to agreed payment terms and contractual obligations

Optimizing 📊 your processes is needed when looking for the best match in supplier sourcing with diverse clients. One way that companies have utilized with picking suppliers with certifications. Even though that is not a 100% guarantee of total success, it does help to eliminate unnecessary steps of asking questions ❓ that have been resolved by the certifying agency, which was required during the certification process and allows the supplier diversity/sourcing team to streamline their ask of the small business to ensure sufficiency. Another strategy can be a small supplier collaborating 🤝🏽 with a larger supplier, which will help cut costs while maintaining the company's high standards.