The game of chess is all about strategically winning an opponent. Unlike tactics, which are sequences of moves resulting in short-term gains such as checkmate, win of material, etc., strategy involves long-term goals such as safety of king, piece activity, pawn structure, etc. Everyone who wants to learn chess, likes to master its opening and end game strategies, but what most people are unaware is, that the majority of the game is decided in the middle of a chess game. What is crucial to understand, though, is to focus on the chess moves based on strategic principles that can help you win the game from start to finish.
Similarly, when it comes to procurement, effective Strategic Sourcing techniques play an important role in building procurement strategies that can ensure long-term value and sustainable savings. However, the difficulty lies in identifying and applying the best supplier sourcing strategy!
Driven by the logic of supply and demand power ‘Kearney’s Procurement Chessboard‘ can be used to discover and design Strategic Sourcing and Procurement methods for various market situations. Here is a game-plan to master procurement.
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One comment
Very well said about the procurement strategy in one line. Of course playing wisely on each move is so important. Thanks for the good illustration.