Strategic sourcing provides the greatest and most direct lever for controlling costs and managing performance across the supply chain. With globalization and outsourcing on the rise and supply markets tightening, strategic sourcing has become a must-have competency for enterprises of all sizes and industries.

Many enterprises have tested Web-based negotiation technologies, such as reverse auction and e-RFx tools, reporting double-digit cost savings, halving sourcing cycles, and improving overall productivity and process standardization.

However, many early approaches and solutions were too feature-narrow and price-focused to drive sustained results. As a result, supply management groups are looking to build upon their success by adopting advanced sourcing approaches and broader e-sourcing suites.

What you’ll learn

• How to move beyond the early stages of strategic sourcing to drive sustained results
• Advanced sourcing strategies to assess true total cost and optimal award scenarios
• How to assess and select the right e-sourcing platform for your organization
• How to drive rapid deployment, quick results, and broad adoption with your sourcing program
• Leverage supply market intelligence and services to improve and sustain momentum