It is a critical step in deciding where and how to buy while minimizing the risk and cost. To get the best of our supplier pool, you should consider both existing and potential suppliers. Establish your business’ goal and the minimum requirements for suppliers, then list the selection criteria that are most suited to your requirements, capabilities and resources. A cross-functional team with critical stakeholders is highly recommended.

The most common method that many businesses are using is Request for Proposal.

Circina team's have a large network of suppliers and have the technical apities to find the news suppliers.
Shortlist the most potential suppliers, then interview for clarification or asking more details if needed. The more information you have from each supplier, the better decision you will make. Circina team's ask the right questions to potential suppliers and choose the better offers

Communication with suppliers is an integral part of strategic sourcing. After negotiation, Circina decides which suppliers to partner with.
The more complex the product, the closer the cooperation and partnership should be. It is essential to include suppliers in any meetings or discussions included in the implementation phase, ensuring that they are aware of the most recent changes and updates.

It is essential to measure supplier performance over time, starting with assessing the current state of the product, continuously monitoring the results and ensuring that the goal is met. By doing so, you can quickly identify the issue during implementation and notify your vendor to resolve the issue with the least business impact.