Level 5™ in Action: The Execution Phase

Objective: To manage supplier relationships in a way that achieves reduced costs, favorable contract terms and process efficiency in a sustained environment.

Methodology Snapshot:

• Present, train and implement recommendations from Advisory phase
• Conduct objective quarterly assessments of continuous process improvement
• Institute an ongoing vendor classification process based on performance, cost, dependence and strategic business value
• Utilize tailored supplier relationship management and procurement approaches for key vendors to guarantee fair market value
• Develop and deliver procurement team communications and reporting protocol