Ten Ideas For Effective Strategic Sourcing

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Executive Summary

Effective Strategic Sourcing must be supported by an enabling infrastructure of processes, analysis, staff involvement and participation, and strategic focus. Based on a cross-industry review, ten specific areas for evaluation and improvement are offered that could add five to ten percent net savings to an organization's bottom line. Each finding is reviewed and actions are recommended if gaps exist. The role of Supply Management is primarily to leverage and improve the supply base and the supply chain. Over the past ten years, supply management has provided substantial benefits to organizations in terms of cost improvement, quality enhancement, delivery and inventory success, and a more responsive supply chain.

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