Our Approach - Overview
Sourcing Board has developed an overall approach that brings best practices into a flexible, collaborative methodology
and toolset that enables successful outcomes. We tailor the right solution for our Clients. This is not a cookie cutter,
pre-designed solution, process and approach. Our goal is to encourage innovation and creativity in developing solutions
for our Clients. To accomplish this our approach focuses on collaboration between all parties to bring a thorough
understanding of the Client needs and objectives to the suppliers and knowledge of the supplier capabilities and experience
to the clients. Our approach addresses the full life cycle of the sourcing process from an informed assessment with best
suited options, a tailored sourcing transaction process, preparation for a successful Transition of Services and accountability
and finally, ensuring the success of the transaction through effective Governance and on-going contract compliance.
The details of our approach are outlined below.
Assessment & Options Analysis
- Understand Client objectives & needs
- Options development
- Service Level assessment
- Risk assessment and mitigation
- Business case and savings potential
Sourcing Transaction
- Sourcing process support
- RFI/RFP development
- Proposal evaluations
- Due diligence
- Contract terms & conditions
Transition Support
- Governance model design
- Governance process development
- Contract implementation
- Contract administration set-up
Governance & Audit Reviews
- Business function governance
- Contract compliance
- Periodic health check & compliance