A 12-Point Supply Market Analysis Checklist
Need Help With Your Supply Market Analysis?
PurchTips Edition #329 Click here for the printer-friendly version
A common model for analyzing a market is Porter’s Five Forces. Though a good model, it lacks specificity for easy adaptation to procurement.
I have created two tools for more precisely conducting a supply market analysis. The first is the 12-point supply market analysis checklist below. The second I have called “Dominick’s Sourcing See-Saw” and posted on the NLPA Blog.
“Dominick’s Sourcing See-Saw” illustrates how to take the checklist’s results and assess whether you or the supply base will have more leverage in the marketplace so you can adjust your sourcing and negotiation strategy accordingly.
Want to get more procurement articles by email for free?
Members of the NLPA get great articles just like this by email every two weeks. As a member, you will also get access to:
- The Procurement Training & Certification Starter Kit
- The latest Purchasing & Supply Management Salaries Report
- Leading-Edge Supply Management™ magazine
- Members-only webinars 10x per year
- And more!
And the best part is that membership in the NLPA is Free! Sign up today and you'll receive a username and password that will allow you to access all of the benefits that come with the NLPA membership.
Copyright 2015. This article is the property of the Next Level Purchasing Association and may not be copied or republished in any form without the express written consent of the Next Level Purchasing Association. Click here to request republishing permission.
By Charles Dominick, SPSM, SPSM2, SPSM3
This is the Web-based version of this article. Click here for the printer-friendly version.