If your organization doesn’t have time to execute strategic sourcing, then deploying a Sourcing Roadmap could be the tool you need improve efficiencies and communication.
Manufacturers across industries are feeling the fragility of their supply chains and time isn’t on their side when it comes to making adjustments. Luckily, newer “smart” supplier search software is proving to be a powerful tool to shorten sourcing timelines.
Procurement departments should clearly define a mutually agreed upon approach to calculating cost avoidance with other departments such as finance and corporate leadership to fully realize its value.
A good scorecard should be easy to maintain, engaging to suppliers while giving them a voice, and rewarding to good performers based on objective data collection. Here are three tips we recommend to improve yours.
Actionable insights from IndustryStar on ways to expedite, optimize, and de-risk your supply chain operations.