 |
 |
 |
| |
| ENABLING
STRATEGIC SOURCING |
Is
it important to maximize supplier relationships, improve
quality and reliability, and reduce costs on an ongoing
basis? Your answer is likely a resounding, YES. Today,
most leading companies are leveraging Strategic Sourcing
as a competitive advantage and there is little doubt that
it can add real value to businesses that are prepared
to execute against their sourcing strategies. While the
benefits can be great, the challenges to implement these
initiatives effectively can be difficult to overcome,
but are not impossible.
What are the challenges? For starters, gathering, structuring,
and analyzing a large volume of spend and performance
data necessary to support effective strategic sourcing
decisions can be difficult. It is not hard to imagine
a scenario whereby data resides in multiple locations
and formats leaving your purchasing professionals to operate
from a combination of spreadsheets and tribal knowledge.
But, let’s say you get beyond this hurdle, have access
to the data, and are in a position to make sound sourcing
decisions. Is this enough? Not without having a coordinated
business process structure in place to execute against
your strategy. Without this coordination, you will hinder
your company’s ability to derive the benefits on
an ongoing, continuous basis.
Additionally, given the challenges outlined above for
managing sourcing and procurement activities within the
organization, imagine the complexity to extend visibility
and control outside — to the supplier network —
to support strategies such as outsourced manufacturing
or integrated supply.
How can companies overcome these challenges? Consider
how business processes that are managed by technology
can help achieve these benefits in an ever increasing
and dynamic business environment.
More? View the entire White Paper:
Enabling Strategic Sourcing |
|
|
| "Newview
has successfully demonstrated its ability to deliver an enhanced
and extended platform that combines existing and new applications,
and features an increased level of flexibility."
Kirby Adams
CEO, BHP Steel |
|
