8 Procurement tools to help you gain leverage and recognise external risk factors.
These basic templates are the basics any Procurement or Purchasing professional needs:
Pareto 80/20: Reduce time spent on low value add activities. Recognise your top issues and risks using this easy to use graph.
Savings Thermometer: Target savings and check progress in this clear and presentable data table. Even if you don't hit targets, it looks good.
Supplier Evaluation: Utilise this in tenders and for checking supplier performance to set parameters. This can be used to ensure you are making the correct decision when choosing between multiple suppliers.
Other tools include:
- Stakeholder analysis
- Supplier contact list (to keep a central place that the team can access)
- Porters 5 Forces to check your competition and potential revenue risks
- Contract repository to check when contracts are due for renewal
- PESTLE analysis to check the external issues that may affect your supply
No subscriptions required, we are trying to help all by enabling Procurement professionals to have the most basic yet effective tools at their fingertips.
Excel based, easy to use, plug and play.
Kraljic, Preferencing, PESTLE, Stakeholder Analysis, Porters 5 Forces, Supplier Financial Health Check