Supply chain disruption, emerging risks, funding issues, and labor shortages are all challenges that require collaborative, innovative solutions. Sourcing leaders appreciate how the efficiencies achieved through transactional business can leave us vulnerable to market and supplier base changes. Achieving success and remaining competitive tend to take a back seat to cost savings and other measurements. However, reinvention, collaboration, and innovation aren’t just the best way for sourcing leaders to contribute to their business’s success; it’s the only way to work together to create success for a future they can no longer prepare for or envision. 

In this evocative speech, Kate Vitasek returns and refreshes the critical concept of how a “What’s in it for We” (WIIFWe) mindset has the power to revolutionize business relationships. Vitasek shares insights into how everyone can go home a winner in a world of “winner takes all” by applying John Nash’s Nobel Prizewinning equilibrium theory that cooperation, not competition, guarantees the best results for everyone involved.

Contributors: University of Tennessee
Categories: 2023 Spring - Amelia Island, Summit Presentations
SRC Type: Sourcing