The Role of Bid Optimization in Strategic Sourcing

Author(s):

Giunipero, Ph.D., C.P.M., A.P.P., Larry
Larry Giunipero, Ph.D., C.P.M., A.P.P., Florida State University, 850/644-8224, lgiunipero@cob.fsu.edu
Carter D.B.A., Phillip L.
Phillip L. Carter D.B.A., Executive Director CAPS Research, Harold E. Fearon Chair of Purchasing, 480/752-2277, pcarter@capsresearch.org

92nd Annual International Conference Proceedings - 2007 - Las Vegas, NV

Abstract

Make supply managers aware of the power of sourcing optimization software. Optimization has been traditionally applied to transportation. As supply professionals assume a more strategic role and buys become more complex through multiple business unit sourcing, consolidation and outsourcing, optimization allows for more sophisticated analysis of these strategic buys.