Sourcing Strategies for Supply Chain Procurement

Improve supply chain sourcing and supplier management operations

Support an increasingly competitive marketplace

Supply chain sourcing and procurement leaders face continuous pressure to optimize costs while supporting increasing customer demands and agility. Yet in their endless pursuit of cost savings, organizations often create unnecessary supplier risks — e.g., pushing away suppliers whose unique capabilities may be critical to their business success.

Supply chain risk poses great concern to most organizations. 89% of participants in a recent Gartner survey said they experienced a supplier risk event in the past five years.
New risks emerge with increased complexity, impact and velocity. Most leading organizations tackle this challenge with automated risk assessment and monitoring. Speed, accuracy and awareness are crucial.

Koray Kose

Senior Director Analyst, Gartner Research & Advisory

How we address your top challenges

Supply chain sourcing and procurement leaders must move beyond short-term cost management to leverage supplier capabilities to their maximum advantage in a structured and segmented fashion. This involves aligning supply chain sourcing strategies, driving stakeholder engagement, and setting and communicating the right metrics internally and externally to drive the right behavior.

3 Sourcing & Procurement Principles to Support Inventory Excellence

This research identifies three principles that sourcing and procurement leaders can apply to support inventory excellence while fulfilling functional objectives for cost-optimized supply.

Leading Through COVID-19: Procurement’s Actions in Response

This complimentary webinar provides a chance to quickly learn what leading organizations are doing to respond during a time of great uncertainty.

Cost Optimization Playbook for Sourcing and Procurement Leaders

Cost optimization is a fundamental responsibility for sourcing and procurement leaders in supply chain. This research provides a framework and top ideas to optimize costs through both short-term tactical improvements and longer-term transformational changes.

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