Description
Stakeholders are the individuals and/or groups affected by and capable of influencing the strategic sourcing process.
They usually consist of end- user groups, current suppliers, potential suppliers, industry bodies, quality testing bodies, subject matter experts, etc.
WHY ENGAGE WITH STAKEHOLDERS?
Stakeholder engagements are very important as it has the following benefits:
- It improves communication to ensure the highest level of trust and accountability.
- It keeps the market and end-user communities informed about supply opportunities and initiatives.
- It assists with managing end-user and supplier relationships during the sourcing process.
- It assists with managing complaints, enquiries and debriefs.
- It provides timely, accurate and relevant information to the market and end-users.
- It is central to a positive view of government and supports supplier participation in the government marketplace.
- Good stakeholder engagement can help an organisation meet their business objectives.
- Collaborative and mutually beneficial relationships can deliver greater levels of innovation and competitive advantage
- than could be achieved through a traditional transactional purchasing arrangement.
Objective:
- To identify individuals and/or groups that are affected, can support or has influence over the sourcing project.
- To establish proper governance structures for oversight, direction and risk management
- To develop a communication plan to communicate progress and status of the project to decision makers and all affected parties
Output:
- A stakeholder map with a clear understanding of their power and/or influence
- A Communication Plan
- A Governance structure with clear objectives and roles