Sourcing Strategy for Procurement Leaders

Improve supply chain sourcing and supplier management operations

Support an increasingly competitive marketplace

Supply chain 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.

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 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.

Achieve Value Beyond Cost

Companies focused on short-term cost reduction strategies often fail to leverage supplier capabilities to their advantage. Supply chain leaders in sourcing and procurement should use this research to transition their focus from cost management to value creation with strategic suppliers.

Define Your Risk Appetite to Create a Resilient Supply Chain

Chief procurement officers who create a comprehensive risk appetite statement will enable teams to mitigate and utilize risk to maximize value creation and drive business success.

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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Gartner Supply Chain Symposium/Xpo™

The World’s Most Important Gathering of
CSCOs and Supply Chain Executives™

 

Turn your vision into action at Gartner Supply Chain Symposium/Xpo™ 2020, where chief supply chain officers (CSCOs) and their leadership teams gain a strategic view of the trends disrupting their business. Through collaboration with Gartner experts, thought leaders, industry peers and solution providers, you’ll explore new ways to approach your most critical challenges and achieve greater impact as a leader.

Before coming to this conference, I thought I would get information on how supply chains run in different companies. It exceeds my expectations on digitalization, what it means and how to get there. ...I gain a lot from this conference and am able to link up with like-minded peers.

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James Chu, Avery Dennison

Gartner’s 100+ supply chain experts are trusted, objective advisors for 2,500+ supply chain leaders and executives.

Gartner helps organizations grow their internal capabilities and maintain ownership of strategic initiatives. Make the right decisions for yours with trusted insights and objective advice.