The strategy detailed in the JSON revolves around fostering enterprise and supplier development to boost local procurement and empower small businesses. One key strategy is establishing partnerships with local suppliers by identifying suitable suppliers, organizing meet-and-greet sessions, and creating a recognition program to showcase exceptional suppliers. For example, a company might organize monthly supplier assessments to ensure that selected partners can meet their required quality standards.
Another focal point is providing training and support to local businesses. This involves identifying training needs and organizing workshops, mentorship, and continuous learning resources. For instance, a company may collaborate with industry experts to deliver targeted seminars addressing local business challenges, thereby empowering business owners with essential skills and insights.
Lastly, the strategy emphasizes community engagement and awareness campaigns, such as highlighting local business success stories and organizing events showcasing local products. For instance, hosting a local procurement awards event could celebrate and inspire community participation, further fostering the local economy’s growth.
The strategies
⛳️ Strategy 1: Establish partnerships with local suppliers
- Identify and list potential local suppliers that align with company needs
- Develop criteria and guidelines to select suitable local suppliers
- Organise meet-and-greet sessions with potential suppliers to discuss opportunities
- Conduct supplier assessments to evaluate their capabilities and capacity
- Establish contracts and agreements with selected local suppliers
- Implement a supplier onboarding process to ensure seamless integration
- Provide feedback and support to help local suppliers meet quality standards
- Develop a communication channel for regular updates and feedback
- Monitor supplier performance through regular reviews
- Create a recognition programme to acknowledge outstanding local suppliers
⛳️ Strategy 2: Provide training and support to local businesses
- Identify key areas where local businesses require support and training
- Develop training programmes that address these needs
- Organise workshops and seminars for local small businesses
- Collaborate with industry experts to deliver expert training sessions
- Provide mentorship and coaching to local business owners
- Create resource materials and guides for continuous learning
- Develop an online portal for training access and updates
- Establish a feedback system to refine and improve training programmes
- Connect local businesses with larger enterprises for knowledge sharing
- Evaluate the success of training programmes through performance metrics
⛳️ Strategy 3: Initiate community engagement and awareness campaigns
- Develop a local procurement campaign to emphasise the benefits of local sourcing
- Use social media and local media platforms for campaign outreach
- Highlight success stories of local business partnerships
- Organise community events promoting local products and services
- Establish a local procurement awards event to celebrate achievements
- Create informational brochures and materials to educate the community
- Partner with local organisations to extend campaign reach
- Measure campaign impact through surveys and feedback collection
- Gather community support and feedback for campaign improvement
- Document and share campaign outcomes with stakeholders
Bringing accountability to your strategy
It's one thing to have a plan, it's another to stick to it. We hope that the examples above will help you get started with your own strategy, but we also know that it's easy to get lost in the day-to-day effort.
That's why we built Tability: to help you track your progress, keep your team aligned, and make sure you're always moving in the right direction.
Give it a try and see how it can help you bring accountability to your strategy.
