Bus Manufacturing Market Monitoring Template

Bus Manufacturing Market Monitoring in Priority Matrix

Track market trends and supplier prices to make informed procurement decisions in the bus manufacturing industry.

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Proposed Tasks

Urgent and Important

• Task 1: Set Up Market Trend Monitoring System
  ☐ Identify reliable sources of market data ☐ Develop a system for regularly collecting and analyzing this data ☐ Train team members on how to use the system
• Task 2: Identify Key Suppliers
  ☐ Research suppliers of bus manufacturing components ☐ Evaluate each supplier's reliability and pricing ☐ Create a shortlist of preferred suppliers
• Task 3: Monitor Supplier Prices
  ☐ Establish a system for regularly checking supplier prices ☐ Set up alerts for significant price changes

Important, Not Urgent

• Task 4: Conduct Market Trend Analysis
  ☐ Analyze collected market data ☐ Identify key market trends ☐ Prepare a report on these trends and their implications for procurement
• Task 5: Review Supplier Contracts
  ☐ Review current supplier contracts ☐ Identify opportunities for renegotiation or switching suppliers based on market trends and price monitoring
• Task 6: Implement Changes in Procurement Strategy
  ☐ Propose changes in procurement strategy based on market trend analysis and supplier price monitoring ☐ Implement approved changes

Urgent, Not Important

• Task 7: Monitor Impact of Changes
  ☐ Monitor the impact of changes in procurement strategy on costs and supplier relationships ☐ Make adjustments as necessary
• Task 8: Provide Regular Updates to Management
  ☐ Prepare regular reports on market trends, supplier prices, and changes in procurement strategy ☐ Present these reports to management

Not Urgent, Not Important

• Task 10: Review and Improve Monitoring Systems
  ☐ Regularly review the effectiveness of the market trend and supplier price monitoring systems ☐ Make improvements as necessary
• Task 9: Train Procurement Team on New Processes
  ☐ Train the procurement team on any new processes or systems related to market trend monitoring and supplier price monitoring