Modern Sourcing: a Transition to Efficient and Agile Procurement Models
Executive Brief
27 Oct 2022
by
Amy Fong, Bhanushee Malhotra
This Executive Brief is available only to Outsourcing Excellence members. For information on membership, please contact us
Strategic sourcing is a process that spans need identification to sourcing implementation. Today, procurement teams are increasingly adopting strategies to modernize this process and achieve faster cycle times, flexibility, and collaboration. Modern sourcing teams optimize resource allocation by assigning process-oriented and non-core sourcing activities to non-core resources, providing more time to their core resources to focus on core activities. Such teams can overcome long cycle times and siloed operations by transitioning to an agile procurement operating model. This Executive Brief describes how organizations can adopt modern sourcing practices. It also outlines the best practices for transforming team and process structures to become more agile and collaborative.
Scope
All industries and geographies
Contents
This report examines the:
Best practices for adopting a more efficient and modern sourcing process
Benefits of a modern sourcing process
Elements of an agile procurement operating model
Note: Everest Group publishes Executive Briefs for senior enterprise executives. These briefs address hot industry topics and particularly challenging issues of the day in an easy-to-digest format.
This report is available only to Outsourcing Excellence members. For information on membership, please contact us
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