Ardent Partners State of Strategic Sourcing Report 2015
How do you set yourself up for strategic sourcing success? By focusing on sourcing’s “four pillars” comprised of supplier management, sourcing, contract management and spend analysis, organizations can improve efficiency, mitigate risk, boost collaboration, automate workflow and ultimately drive savings.
Ardent Partners research has shown that the returns on an incremental investment made to extend and/or automate the strategic sourcing process from one pillar to the next can yield significant and long-lasting returns. Automating and integrating these four areas creates a reinforced structure that serves global sourcing and procurement organizations significantly better than if they tried managing each process manually and in an ad-hoc manner.
Download this Ardent Partners report to discover best practices, helpful advice and critical data to guide you in the creation and implementation of strategic sourcing initiatives within your organization.