Our Approach - Overview
Sourcing Board has developed an overall approach that brings together best practices for a flexible process, collaborative
methodology and tools that enables successful outcomes. We tailor the right solution for our Clients. It is not a
cookie cutter, pre-designed solution, process and approach. We want to ensure innovation and creativity in developing
solutions for our Clients. As a result our approach focuses on collaboration between all parties that brings a thorough
understanding of the Client needs and objectives, knowledge of the supplier capabilities and experience in structuring productive
relationships. 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 / 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