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.
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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