Matrix: Strategic Sourcing

Total spend, importance to business operations, and contribution to profitability. 2. Quadrant Analysis & Strategies Description Primary Goal Key Strategies Strategic Items

Plot each category onto the 2x2 matrix based on its relative risk and impact. strategic sourcing matrix

Update the matrix annually or during major market shifts to maintain accuracy. 4. Benefits of Strategic Sourcing importance to business operations

By knowing exactly where a product sits on the grid, you know exactly how to buy it. Do that consistently, and you stop firefighting supply chain crises and start building a moat around your business. strategic sourcing matrix