Gartner Research

Strategic Sourcing Essentials

Published: 11 September 2017

ID: G00385923

Analyst(s): Procurement Research Team

Summary

The strategic sourcing process has been improving the approach to buying goods and services for more than 20 years and has generated billions in savings for companies large and small across the globe. Despite this progress, 49% of managed spend at the average company fails to meet procurement’s desired level of sourcing discipline because some business partners resist procurement’s early involvement. Additionally, procurement typically does not have the capacity to manage all buys, even if invited to do so.

Table Of Contents

Overview

Strategic Sourcing Fundamentals

Create Rigor Around Current Processes

Create Capacity for Value-Add Activities

Drive New Value by Deepening Cost Visibility

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