Value-Based Sourcing Checklist
Sourcing has become synonymous with cost management. However, an excessive focus on cost-savings instead of analyzing supplier’s net value leads to wrong sourcing decisions.
Aavenir’s Value-based Sourcing Checklist enables businesses to make the right sourcing decisions with value-based sourcing for direct and indirect purchasing. It helps you access the value of goods and services, cost, and competitive market for the right sourcing.
To know more, access this checklist by completing the form and clicking “Download Now.”
Sourcing Automation Checklist
Automating tasks helps improve productivity by 1.4% annually. Similarly, automation or digital transformation streamlines the value creation process in the procurement and sourcing sectors and impacts the ROI of the business.
Aavenir Sourcing Automation Checklist is designed to help your organization plan and implement the best sourcing automation initiatives. Use these parameters to identify an advanced AI-driven strategic sourcing solution and maximize value creation.
To know more, access this checklist by completing the form and clicking “Download Now.”
Vendor Contract Worksheet
Vendor Contract Worksheet
Every company needs goods and services from vendors to run its own business. Having a vendor contract in place is very beneficial when it comes to defining terms and conditions between your company and the vendor.
Having a well-drafted vendor’s contract is good for both your business and the vendors you’ll deal with as it sets the standards of goods or services expected from the vendor. Use this free worksheet draft as the vendor contract is always recommended as the companies can make sure that the contract covers your interest adequately and has no loopholes for the vendor to escape their liability.
To know more, access this worksheet by completing the form and clicking “Download Now.”
Vendor Onboarding Qualification Questionnaire
Vendor Onboarding Qualification Questionnaire – Worksheet
You have sourced information on potential vendors from RFIs. Now is the time to onboard the right suppliers. The first thing you need to do is evaluate the suppliers and see if they are the right fit. If you are a buyer, sourcing the best suppliers and onboarding them is a crucial part of every project you oversee. This is irrespective of whether you are updating your company’s IT hardware or finding a new vendor in your supply chain. Using a proper evaluation system, as part of your vendor sourcing and onboarding strategy, you can streamline the process of obtaining a list of suppliers that fit your needs.
If you are looking to understand risk and compliance within your supply chain, you can use this standard assessment available to help data map your existing and new suppliers.
Download this ready-to-use editable and customizable worksheet and ask the right questions to the suppliers before you onboard them. The vendor onboarding qualification questionnaire aims to give you an idea of the high-level, critical questions you should consider asking your vendors.
To access this worksheet, fill the details in the form and click on “Download Now.”
Evaluation of supplier performance is a crucial aspect of Supplier Management. Does your organization evaluate supplier’s performance on an ongoing basis? What supplier KPI metrics do you consider? Do you have any standard supplier scorecard system in place? Even if you do, yet, having to monitor each aspect of supplier management can easily be under-resourced and neglected. Even when performance is evaluated, the KPIs often do not show the complete picture.
Download this ready-to-use editable supplier KPI worksheet to start measuring your suppliers’ performance, positively impacting your organization, and turning procurement into a value driver. This will also assist your procurement managers in minimizing risk by seeking new suppliers with the intention to seal gaps where existing suppliers may fall short.
Procurement Process Checklist
Procurement Process Checklist
Various factors influence a company’s procurement process, like the company’s size, industry, available human resources, and organizational structure. Due to all these factors, a standard procurement process is difficult to define at times. Here’s the entire procurement process is broken down into a step-by-step checklist that procurement managers and sourcing managers can utilize.
By using this procurement process checklist, designed by Source-to-Pay experts, you can avoid delays and ensure that internal processes are met. Procurement managers and officers can utilize this procurement checklist to cover all necessary considerations in procurement. This checklist is divided into seven steps that guide procurement practitioners on implementing this framework at each Step, from assessing needs to managing contracts.