https://cporising.com/2014/05/13/skills-for-the-modern-procurement-pro-the-sourcing-process/?utm_source=rss&utm_medium=rss&utm_campaign=skills-for-the-modern-procurement-pro-the-sourcing-process Analyst-led research and intelligence for the procurement community. Sat, 13 Jul 2024 01:08:30 +0000 hourly 1 https://cporising.com/2014/05/13/skills-for-the-modern-procurement-pro-the-sourcing-process/comment-page-1/#comment-455 Sat, 06 Feb 2016 10:46:22 +0000 https://cporising.com/?p=13487#comment-455 […] The Sourcing Process, which Ardent traditionally calls “strategic sourcing”, is the process of identifying, evaluating, negotiating, and implementing the optimal mix of goods and services that best support the enterprise’s objectives. Sourcing is generally viewed as the strategic part of procurement since it’s the primary mechanism used by procurement departments to deliver savings. The ability to assess, identify, prioritize, and then execute the right opportunities is equally important to you and your procurement team. Fortunately, CPOs rated their teams as better than average when it comes to the sourcing process – one of the highest ranking competencies in our matrix. Remember: sourcing is a blend of “art” and “science”, so mastering it comes from the ability to drive a crisp process and inject it with nuance. There are numerous courses and dozens of books and online resources for you to research and study the process, but there is no substitute for sourcing experience. […]

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