Gartner Research

3 Steps to Increase Cost Savings Using Advanced Sourcing Optimization

Published: 05 March 2018

ID: G00347609

Analyst(s): Kaitlynn Sommers , Magnus Bergfors


Sourcing optimization solutions make the management of complex RFx initiatives more efficient and allow advanced strategies to be applied to simple spend categories. Application leaders can drive productivity and increase savings across a variety of spend categories by adopting these solutions.

Table Of Contents
  • Key Challenges


  • Create a Procurement and Sourcing Core User Team for Internal Support
  • Develop and Maintain Internal Best Practices Including Category Bid Templates, Predefined Feedback and Scenarios to Drive Consistency and Leverage Automation
    • Category Templates
    • Expressive Feedback
    • Alternative Bids
    • Expressive and Packaged Bids
    • Base Scenarios and Rules
  • Focus Initially on High-Yield ROI Sourcing Projects

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