In this session, the presenters shared how Community Health Systems successfully created a strong strategic sourcing capability from a previously decentralized organization. Their strategic sourcing organization rapidly realized over $100M in cost savings to the company within the first two years. This discussion was geared towards Procurement professionals and executives who are looking to create strategic sourcing capabilities but face challenges in overcoming decentralization, resource limitations or business alignment, or are just trying to determine where to start. The agenda followed the journey from the design of successful governance and processes to organizational development to sourcing execution and implementation of complex categories. The discussion topics were supported by specific examples and lessons learned along the way to foster dialogue with fellow professionals.
Topics covered in this session included:
- How to build alignment and influence across the company to realize significant savings
- How to challenge status quos to achieve major initiatives
- How to implement effective and repeatable processes and move from the low hanging fruit to tackling complex sourcing challengesHow to develop and maximize homegrown talent
Contributors: Community Health Systems, EY
Categories: 2015 Fall - Huntington, Summit Presentations
SRC Type: Outsourcing, Procurement Outsourcing / Transformation