Ardent Partners is pleased to announce the publication of The State of Strategic Sourcing 2015: The Four Pillars of Sourcing Success report. Interested readers can download this exciting and informative annual research report by clicking here.
Every year, the pace of business continues to accelerate, forcing enterprise sourcing teams to adapt to changes and shifts within global markets in order to stay competitive. Although workloads and responsibilities continue to increase, sourcing teams remain understaffed with little relief in sight. As a result, collaboration, early engagement, process linkage, and automation have become valuable force multipliers to help extend a sourcing team’s impact throughout the enterprise, even as it remains stretched to its limits.
Procurement departments that succeed in the consistent execution of their sourcing projects are the ones that take a holistic approach to the entire sourcing process and leverage process automation tools across it. But more than simply figuring out its processes and automating them, a successful sourcing team needs to be able to blend traditional sourcing approaches with more robust category strategies, more penetrating views of supply markets, and deeper collaborative ties with suppliers. It will be the combination of these attributes plus Best-in-Class’s “Levers for Success” that will enable the next generation of sourcing professionals to keep their businesses charging forward today while preparing to meet tomorrow’s top challenges.
That said, this annual State of Strategic Sourcing report will examine the pressures and challenges facing sourcing leaders today, as well as the strategies, capabilities, and technologies that they bring to bear. It will also focus on the “four pillars of sourcing success,” those critical sub-process areas that comprise Strategic Sourcing – spend analysis, sourcing, contracts, and supplier management – and examine the strategies and techniques that Best-in-Class sourcing organizations use to outperform their competitors.
By downloading this report, readers will also gain access to a list of recommendations that they and their sourcing teams can apply to elevate their performance to the next level. These recommendations include:
- Collaborating with internal and external stakeholders and engaging with them sooner in the sourcing process.
- Developing “sourcing agility” – that ability to be “light on your feet,” responsive to market changes, and effective “under fire.”
- “Connecting the dots” between all pillars of the modern strategic sourcing program for a solid foundation.
- Many more!
Want to learn more about these recommendations, including what sub processes the typical sourcing team should prioritize? Download this free report by clicking here and gain access to them all!
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