Source
Description
Manages all activities related to acquiring goods and services from suppliers, from strategy and selection through to receipt and payment. Source capabilities ensure that the organisation has access to the right materials and services at the right time, cost, and quality, while building resilient and strategic supplier relationships.
Key Activities
- Supplier strategy, segmentation, and relationship management
- Category management and strategic sourcing execution
- Contract authoring, execution, and compliance monitoring
- Supplier quality assurance and performance measurement
Enabling Systems
- SRM (Supplier Relationship Management) platforms
- e-Procurement and sourcing platforms
- Contract lifecycle management (CLM) systems
- ERP procurement and vendor management modules
Related Principles
L2 Capabilities
| Capability | Description |
|---|---|
| Supplier Relationship Management | Develops and manages strategic relationships with key suppliers to drive mutual value, innovation, and resilience |
| Strategic Sourcing & Procurement | Executes category strategies and procurement processes to secure the best total cost of ownership |
| Contract Management | Creates, executes, and monitors supplier contracts to ensure compliance with agreed commercial terms |
| Supplier Quality Management | Ensures incoming materials and services meet defined quality standards through audits, inspections, and corrective action |