We’re pleased to announce that Ardent Partners, a leading analyst firm focused on supply management (and in case you forgot, the partner entity to CPO Rising), has published its first full research report entitled Sourcing in the 2010’s: The Formula for Success. The full report, which can be downloaded from this link (registration required), is being made available to the public by BravoSolution. Today, we’ll provide a short excerpt from the report and follow up next week with a more detailed discussion of “The Formula.”
______________________________________________________________________________
After the launch of a fully-automated spend analysis solution, a procurement organization gains visibility into enterprise spend. But enterprise-level spend visibility, while critical to operations, is only the beginning of the sourcing process……………..
…..The Formula for Success
Visibility + Analysis + Process = Success
This formula has broad applicability to today’s business operations since deliberate processes powered by rich insight that is drawn from clear context seem much more likely to succeed than other methods. In the realm of supply management, the blueprint for Best-in-Class sourcing, which benefits from visibility into enterprise spend, process rigor, and strong analytical capabilities, follows this formula.
Since sourcing remains a primary lever for Chief Procurement Officers and their departments to achieve savings, the need for sourcing professionals and sourcing teams to source more efficiently and source more effectively will continue for years to come. Fortunately, this necessity requires no invention: the tools and processes already exist. Spend analysis and sourcing are both well-documented processes and tools that automate these processes have been available in the market for more than a decade.
Andrew, this is very good. Simple but powerful. Can I quote you in my Strategic Sourcing training?
Julia – Thanks and absolutely. I’m glad you enjoyed the report!
Our citation policy for content found on CPO Rising by practitioners (i.e. CPOs and their departments) and media can be found here https://cporising.com/about-cpo-rising/
This is what it says – Citation Policy:
(1) We encourage references, links, and citations but kindly ask that when quoting from the site, please cite as “Andrew Bartolini, Publisher of CPORising.com”
(2) Solution/service providers and any commercial use of this site’s content must have our prior written approval.
UPDATE – As I reread your comment, I realize you are talking about referencing the final report. Our same citation policy holds true. Procurement departments and other practitioners may refer to Ardent Partners’ research with proper attribution – Title, Company, Author, Date, etc… (in this case Ardent Partners)
Companies (consulting, technology, etc.) looking to use Ardent Partners’ research for commercial use must have our prior written approval.
Hello Andrew,
When sharing our articles via Twitter it is impossible to meet your citation policy as there are only so many key strokes available. Any suggestions on how to share without violating your policy?
I enjoy your article and want to share and the spread word on the good work that you and your team are doing.
Thank you.
Meri
Hi Meri – Thanks for the note and kind words. I’m glad you are enjoying the site.
We actively welcome and encourage references and links to our articles as well as citations. We have included a set of social/business networking links at the top of each article to help facilitate the sharing and distribution of our articles. So sharing is both welcomed and appreciated.
The citation policy refers more specifically to direct quotes in things like practitioner training materials and presentations or media stories. We encourage this too.
However, any companies (consulting, technology, etc.) looking to quote CPO Rising or Ardent Partners research for commercial use must have our prior written approval.
Let me know if you have any other questions and thanks again for spreading the word.