What do you do if your Supplier Sourcing strategy is putting your career at risk?

1 Assess your current strategy

The first step is to evaluate your current supplier sourcing strategy and identify the gaps, challenges, and risks that are affecting your performance and reputation. You can use tools such as SWOT analysis, stakeholder feedback, and benchmarking to compare your strategy with best practices and industry standards. You should also review your key performance indicators (KPIs) and metrics to see how well you are meeting your targets and delivering value to your organization.

2 Communicate with your manager

The next step is to communicate with your manager and share your findings and concerns. You should be honest and transparent about the issues you are facing and the impact they are having on your work and career. You should also show that you are proactive and willing to improve your supplier sourcing strategy and skills. You can ask for feedback, guidance, and support from your manager and agree on a plan of action and a timeline to address the gaps and challenges.

3 Update your skills and knowledge

The third step is to update your skills and knowledge related to supplier sourcing and procurement. You can enroll in online courses, webinars, or workshops that cover topics such as market research, supplier evaluation, negotiation, contract management, and supplier relationship management. You can also join professional networks and communities that offer insights, tips, and best practices on supplier sourcing and procurement. You should also keep up with the latest trends, innovations, and opportunities in your industry and market.

4 Implement your action plan

The fourth step is to implement your action plan and execute your updated supplier sourcing strategy. You should follow the guidelines and expectations set by your manager and organization and use the tools and resources you have acquired to improve your supplier sourcing process and outcomes. You should also monitor and measure your progress and results and report them to your manager and stakeholders. You should also seek feedback and suggestions for further improvement and learning.

5 Showcase your achievements

The final step is to showcase your achievements and demonstrate how your supplier sourcing strategy has added value to your organization and enhanced your career prospects. You can use stories, case studies, testimonials, or awards to highlight your successes and challenges and how you overcame them. You can also share your learnings and best practices with your peers and colleagues and contribute to the knowledge and culture of your organization. You should also update your resume and portfolio with your achievements and skills.

Supplier sourcing is a skill that can make or break your career, but you can turn it into an asset if you are willing to learn, adapt, and improve. By following these steps, you can enhance your supplier sourcing strategy and performance and boost your confidence and credibility.

6 Here’s what else to consider

This is a space to share examples, stories, or insights that don’t fit into any of the previous sections. What else would you like to add?