Strategic Sourcing: Building a Foundation for Success

Topics:
Sourcing
Tags:
Strategic Sourcing
Source:
United Parcel Service of America

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Overview: Executives are beginning to understand that procurement is a key part of the business or supply chain process. It is typical for businesses to spend more than 60 percent of revenue purchasing goods and services; and it is estimated that approximately 70 percent of all potential savings from purchasing can only be achieved through the Strategic Sourcing process. The results of a well-managed Strategic Sourcing initiative can be impressive and the benefits can be extended well beyond cost reduction. This white paper provides critical success factors and a solid checklist for determining how likely an organization will be in achieving and adapting to the objectives of Strategic Sourcing.

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Format: PDF | Size: 280KB | Date: Jan 2006 | Pages: 17

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