In the face of unprecedented market volatility and supply chain disruption, many CFOs have shifted gears from investing for growth to containing costs, mitigating risk, and supporting board-level initiatives, such as Environmental, Social, and Governance (ESG) initiatives. Procurement has a unique opportunity to deliver on these shifts, and this starts with your Sourcing team.
Start with a sourcing check up: take an assessment below to find out
How prepared are your suppliers (and their suppliers) to survive and thrive in a global pandemic?
How prepared are your suppliers (and their suppliers) to meet your board-level ESG targets?
How prepared is your sourcing organization to achieve the maximum value from their efforts?
Strategic sourcing requires a foundation of procurement readiness. If your organization is just getting started on its procurement journey, you can immediately capture more value by advancing to the next stage of procurement maturity—from tactical & operational to business innovation.
Tactical & Operational
Sourcing Mastery
Category Strategy
Business Innovation
Tactical & Operational
Sourcing Factory
Category Strategy
Business Innovation
Read the Procurement Maturity Model to unlock the 4 Stages of Procurement Maturity and learn how to advance to the next stage to achieve greater value.
Download NowDigital transformation initiatives rarely offer clear ROI. Digitally transforming your Sourcing organization is a straightaway to capturing true value. To get started, focus on the following three opportunities for value generation:
Tailor events to distinct business needs, analyze supplier bids, and invite creative bidding.
Streamline opportunity identification, supplier selection, scenario analysis, and collaborative decision-making.
Integrate sourcing with third-party and spend management to avoid value leakage and risk.
Learn how to capture $14M or more in savings with strategic sourcing.*
*Based on a company with $1B in annual spend. Larger companies may see greater savings.