Optimize Costs in Sourcing and Procurement

The Gartner playbook outlines the top 3 cost optimization initiatives.

The best suppliers are often not the cheapest. It’s no surprise then that 72% of sourcing & procurement leaders plan to deliver value to their organization by optimizing total cost of ownership, not just purchase price. 

What are the top sourcing and procurement initiatives to optimize costs? Download the Gartner supply chain cost optimization playbook for sourcing and procurement leaders. The playbook breaks down the objective, time frame and specific actions for three top cost optimization initiatives. 

  • Learn how to improve pricing and spend management.
  • Reconfigure procurement processes and supply networks.
  • Deploy digital solutions to leverage extended supply networks.

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    Sourcing and procurement are becoming more critical

    Not only are we more reliant on suppliers than ever, but also how we use suppliers is changing: +70% of sourcing and procurement professionals report using suppliers to tap into new-in-kind technology services or something outside of their organization’s core business model. It’s the role of sourcing & procurement to unlock new value from the supply base and protect the organization from future disruption. 

    Gartner can help: Our insights, advice and tools for sourcing and procurement leaders are designed to support performance management, risk mitigation, value creation and innovation of the sourcing and procurement team as well as suppliers. Learn more on gartner.com.