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2A(4.4) Opportunity Analysis And Ideas Generation
Strategic Sourcing Framework

Description
Opportunity Analysis and Ideas Generation are done as part of evaluating and developing the sourcing approach.  
The objective of this exercise is to identify all possible opportunities where money can be saved and where efficiency improvements can be made.  
During this stage you want to generate the ideas, group them according to themes, evaluate and quantify the ideas.
Cost benefits and value opportunities are identified throughout the project for the identified commodity. 
Objective:
  • To identify all possible opportunities where money can be saved and where efficiency improvements can be made.  
  • To generate, group, evaluate and quantify these ideas.
Output:
  • List of potential cost savings / improvement ideas, evaluated, quantified and prioritised.

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2A(4.4) SPF GPG - Opportunity Analysis and Ideas Generation.docx