One important technique of fly-fishing is called, “Match the Hatch”. As a fisherman learns, most bugs lay eggs in water. As the eggs begin to hatch, the larva emerges and floats to the water’s surface where they dry their wings and prepare to fly away. Trout have learned to identify such feeding situations and will opportunistically feed at the time of the hatch. Skilled fly fisherman must determine what bug hatch is occurring, match the fly to the hatching bugs and entice the trout to strike. Hence the expression; Match the Hatch. A skilled procurement professional must use similar techniques in determining what business trends are hatching and what data elements need to be considered to create a category “catching” opportunity.
Contributors: HCMWorksCategories: Whitepaper
SRC Type: Procurement Operations, Sourcing, Strategy