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Sourcing Strategy Plan
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Focus AreaGoal TemplateDetailsInitial ValueTarget ValueUnitStart dateDeadlineOwner
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Source from most cost-effective suppliersObjective:Reduce supplier costs---1/1/202512/31/2025Joe Briggs
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Action:Negotiate with suppliers for better prices---1/1/202512/31/2025Jane Smith
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KPI:Reduce supplier costs from $5.00 to $4.5054.5$1/1/202512/31/2025-
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Objective:Reduce supplier lead times---1/1/202512/31/2025-
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Action:Develop strong relationships with suppliers---1/1/202512/31/2025-
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KPI:Reduce supplier lead times from 10 days to 5 days105Days1/1/202512/31/2025-
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Utilize technology and automationObjective:Increase use of automation---1/1/202512/31/2025-
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Action:Utilize software to automate manual tasks---1/1/202512/31/2025-
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KPI:Increase automation from 10 tasks to 30 tasks1030No Unit1/1/202512/31/2025-
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Objective:Reduce manual effort---1/1/202512/31/2025-
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Action:Automate manual processes---1/1/202512/31/2025-
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KPI:Reduce manual effort from 6 hours to 2 hours62Hours1/1/202512/31/2025-
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Improve supplier relationshipsObjective:Increase communication frequency---1/1/202512/31/2025-
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Action:Use weekly check-ins to keep suppliers informed---1/1/202512/31/2025-
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KPI:Increase communication frequency from 1 check-in per month to 1 check-in per week11Weeks1/1/202512/31/2025-
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Objective:Increase collaboration with suppliers---1/1/202512/31/2025-
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Action:Involve suppliers in the decision-making process---1/1/202512/31/2025-
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KPI:Increase collaboration with suppliers from 1 decision per quarter to 4 decisions per quarter14No Unit1/1/202512/31/2025-
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