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The Value of Strategic Sourcing for Procurement Professionals

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"The Value of Strategic Sourcing for Procurement Professionals"

This e-book helps grocers understand how strategic sourcing can work for their organization, and the value of outsourcing strategic sourcing to a third party.

When it comes to procurement concerns, grocers have two key areas of focus: ensuring supply and managing costs. While grocers can realize significant cost savings through effective procurement management, they also face substantial risk for cost overruns if they are not careful. Strategic sourcing can help efficiently and cost-effectively ensure their operation has the needed supplies and services without risk.

In this e-book we:

  • Define strategic sourcing and explain its benefits.
  • Explore critical elements of successful strategic sourcing.
  • Illuminate the roles of e-sourcing and auctions in strategic sourcing.
  • Explain how outsourcing can enhance the ROI of a company’s strategic sourcing operations.

We’ll also share the key considerations for evaluating a possible strategic sourcing partner, including:

  • Years of experience in the category of required expertise
  • The quality of their e-sourcing tools
  • Their ability to leverage volume to enhance cost savings
  • The extent of their supplier database

Offered Free by: Topco Indirect Spend Solutions
See All Resources from: Topco Indirect Spend Solutions

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