Procurement professionals are continually asked to find new ways to generate value, cut costs and make their organizations leaner and more efficient. While somewhat effective, the majority of procurement organizations are still leaving a lot of value on the table by taking a tactical and transactional approach to sourcing. Organizations need to take a more strategic approach, however, in many cases adoption has been slow or nonexistent because this approach has typically been viewed as complicated, tedious and time-consuming. In reality this is no longer the case – and hasn’t been for years. This session will examine the key strategies and approaches that leading teams have used to drive their sourcing programs to the next level.
Topics covered in this session included:
- How advanced sourcing techniques and sourcing optimization technologies are critical elements for successful projects
- How optimization can significantly reduce the time it takes to evaluate supplier bids
- What the advanced sourcing techniques are that can unlock hidden savings like volume discounts and alternative items
- How sourcing teams can become more efficient while increasing effectiveness
Categories: 2016 Fall - Carlsbad, Summit Presentations
SRC Type: Category Management, Sourcing, Sourcing Management, Strategy