Question 1: What’s the big challenge facing sourcing leaders right now?
The biggest challenge is: How do sourcing leaders source and deliver products and service to their organizations in a world of increasing technology commoditization and consumerization, with users accustomed to buying and managing their own technology? Technology products and services are increasingly being bought by business users with disintermediation of both IT and sourcing.
Sourcing leaders are under pressure to balance the business need for platforms for innovation in a world of rapidly changing technology, with cost, risk and governance control. The sourcing processes of the past are often too cumbersome in a rapidly changing business and technology world.
It’s a question of balancing the “need for speed” with cost, risk and governance. And to do this, sourcing leaders need to be dynamic in their thinking. Taking a one-size-fits-all approach just isn’t enough for today’s digital business. To speedily enable the digital initiatives of tomorrow and yet continue to deliver the business value of today, sourcing leaders must quickly understand and apply the most appropriate approach, traditional, agile, self-service or any combination and have the governance in place to allow for these.