Strategic Sourcing Plan Element

Although it is ideal to have all of the detail needed to formulate the sourcing plan, this is rarely the case. Market dynamics will continue to change throughout the plan’s period, and new conditions will arise that are unlikely to be foreseen. So what isn’t clearly known or capable of forecast needs to be assumed so that the plan can go forward. These assumptions must be documented since, just as with environmental conditions, they are used as “just-in-case” placeholders. When we can replace assumptions with known facts, we can then make whatever adjustments to the sourcing plan that are required.

Conduct research regarding the marketplace your organization plans to conduct operations.

What assumptions can you make regarding market dynamics. Make sure that you focus on all aspects of the market.

Strategic Sourcing Plan Element 3: Environmental Analysis

An environmental analysis is another traditional element of the strategic sourcing plan. The environmental analysis describes current conditions within the organization as well as with its primary customers, its supply chain, and the overall market or industry. This analysis provides the background against which the sourcing plan is developed. Its importance lies in tying objectives to current business conditions; if conditions change significantly, the plan may require revision.

Conduct an environmental analysis for the organization you selected. Make sure you conduct thorough research as there are different perspectives that can help provide you with details you need to complete this plan element.

Your write up should be 4-6 pages and in APA format (Title page isn’t needed. References should be added if necessary). Once your document is complete and saved upload your assignment file using the Assignment File section below.

Environmental risk In the sourcing process, it is critical to evaluate the risk to the environment created by your supplier or contractor. Environmental risk includes the organization’s negative impact on water, air, and soil as a result of discharges, emissions, and other forms of waste. Greenhouse gas and ozone-depleting chemicals have become a serious threat to the planet. Industrial waste, too, has to be considered a major concern. Threats to the natural habitat are also coming under very close scrutiny and regulation. Where these factors are present or potentially present, you must monitor them closely; governments worldwide are regulating these conditions to a much greater extent, which may result in significant interruptions should a supplier be affected.

Sample Solution

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