Published: 11 September 2017
Analyst(s): Procurement Research Team
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.
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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