A German financial services provider's supplier portfolio needed to be restructured and optimised. For this purpose, STÖHR FAKTOR designed and implemented an integrated supplier management system and supported its application using workshops with the supplier managers.
Challenge
Optimisation of supplier portfolio by introducing an integrated supplier management system
Service
Phase 1: Design
- Definition and development of the various supplier management phases
- Fixing the SM phases (selection through to development/phasing out)
- Definition of application areas, establishing lines of accountability and development of tools for each phase
- Supplier managers' role description
Phase 2: Execution
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Execution of supplier assessment and supplier analysis by using the developed tools
- Derivation of norm strategies by using supplier portfolios
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Workshop with strategic buyers for derivation of supplier strategies
Key data
- Duration: 9 months
- Scope of brief: 50 FTE
- Sector: Financial services
- Company size: 10 000+ employees
Results
- Optimisation of procurement processes and the supplier portfolio
- Defined role profiles for supplier managers
- Reduction of supplier base
- Continual assessment of supplier performance
- Creation of transparency and improvement in supplier relations and supplier performance via regular communication
- Creation of principles for strategic category management
Summary
- Supplier portfolio management in accordance with consistent principles and processes (definition of a supplier management methodology)
- Realisation of savings potential and added value via strategy implementation
