Market Research and Supplier Investigation

  • Detailed Description

At a glance

 

The key to every great transformation is a solid game plan. We've guided hundreds of companies through total digital transformations, and the success of each can only be attributed to a comprehensive, well-designed strategy. We make all the most pivotal decisions in this stage - it sets the tone for the rest of the project.
 
We will devote time early in the project to learn about your current operations - what's working and what's not. Then, we establish your requirements & business objectives to work towards. We then begin developing options to reach those targets, and finalise our approach with all parties agreed.

 

The Process

 

1.Discover Current Operations

Before we offer any piece of advice, we will sit down with you and listen. Through meetings, workshops and detailed discussion, we gain a deep insight into your current operations, with a particular focus on spending and pain points. 

We will analyse your infrastructure, cost, and IT strategy to gain a deeper understanding of where you are at present, and how your current strategy performs. 

This phase can be combined with the second phase, gathering requirements, depending on your needs.

 

2.Establish Requirements & Objectives

A thorough analysis of your operations gives us the context to begin discussing your requirements.

This is always accompanied by establishing your business objectives - what key areas does your organisation need to improve? What is most important for efficiency and growth? Defining these goals helps us understand what we're working towards. 

 

3.Process to Develop Options

Next, we get to work strategising the best way to meet your goals. 

Our iterative model, shown here, demonstrates our process of creating options, workshopping & evaluating them, and deciding if they are the right approach. We evaluate the plausibility of an option using a strict criteria that measures risks, time to savings, marketing intelligence, security, and more. 

An important aspect of this decision-making is internal and external input analysis - essentially, the things you can't control, like a recession or shortage of talent.

With all things considered, we whittle down the field of options to identify the one best suited for your needs. 

 

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4.Develop Business Case 

Do the ends justify the means? With an approach in mind, we get to work building a business case. This measures the investment of the strategy with its calculated benefits, allowing various teams and stakeholders to understand and approve the strategy chosen. 

The business case will detail your commercial and non-commercial gains, demonstrating how your organisation will improve both internally and externally, to clients and customers.

 

5.Finalise a Recommendation

Through rigorous evaluation, detailed analysis and collaborative decision-making, we arrive at a strategy approved by all parties. We finalise our recommendation, then plan our next steps. 

A typical project lifecycle starts with a strategy, followed by running a procurement, establishing the target operating model (TOM), and finally bringing in our project managers to implement.

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Email:yoko@evernew-sourcing.com

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