Lessons Learned: Ten Ideas for Effective Strategic Sourcing

Author(s):

George L. Harris
George L. Harris, President, Calyptus Consulting Group, Inc., (781) 674-0041; gharris@calyptusgroup.com

91st Annual International Conference Proceedings - 2006 - Minneapolis, MN

Abstract

Effective Strategic Sourcing must be supported by an enabling infrastructure of processes, analysis, staff involvement and participation, and strategic focus. Based on a crossindustry review, ten specific areas for evaluation and improvement are offered that could add five to ten percent net savings to an organization's bottom line. Each finding is reviewed and actions are recommended if gaps exist.