Procurement organizations are continuously being challenged to travel further along the maturity curve and create greater value for their company. Few initiatives can deliver greater impact to the broader organization than building a more strategic sourcing operation. Developing the capabilities and skills to source more complex spend categories and aligning with operational and other business units, is not always a simple process, but it is one well worth undertaking. This session will examine the steps necessary to transition from a tactical to a strategic sourcing organization; the capabilities and skills required for advanced sourcing; and the role spend analysis, contract management and supplier intelligence play in this transformation.

Contributors: Nationwide
Categories: Summit Presentations
SRC Type: Sourcing, Strategy