What Makes Strategic Sourcing Strategic?

In this contributed article, Adam Cummins, director, explains the importance of gaining common alignment on the focus of strategic sourcing projects in order to ensure they are strategic to the organization. Sample excerpt: “As enterprises make significant investments in their sourcing and procurement function, they rightfully expect a solid return on that investment. One of the more significant value creation elements of a sourcing and procurement function is the team and process that focuses on strategic sourcing…The process of defining which suppliers, projects or initiatives should be the focus of the strategic sourcing group, as it is one of the single biggest obstacles to delivering the value expected. Why is this? Simply put, most organisations struggle to achieve alignment around determining what is deemed ‘strategic’”.

Outsource magazine