Strategic Sourcing drives substantial results. After organizing for success and developing a portfolio of improvements, it’s time to develop commodity strategies and action plans, and deliver on the promise of substantial improvements. Strategic Sourcing is not a one-time event and must become a way of life in your organization. Well-developed Strategic Sourcing processes are a…
Once you are organized for success (see previous blog), the next step is to dig in and find as many opportunities for improvement as you can. In order to develop a portfolio of opportunities, you must evaluate the data available to determine what improvements can be made. In our Roadmap, you can follow these steps:…
The eight Strategic Sourcing steps that we have identified can be grouped into three areas of focus: 1. Organize for Success; 2. Assess for Improvement Opportunities; and 3. Deliver Results. In order to get off to a great start, you need to organize for success. This includes making sure that your organization and goals are…
“Life Is a Journey, Not a Destination” – Ralph Waldo Emerson Does your logistics plans seem to be in the mode of constant recalculating? If your efforts are frustrating and remind you of how your GPS constantly recalculates when you are driving and miss the recommended turns, you are not alone. The first thing to recognize…
Overview – Why is it important? There is a world of opportunity waiting for you that will significantly improve your operations management and business results. Ask yourself: Have your logistics costs been rising as a percentage of your cost-of-goods sold (COGS)? Are you getting the right products to your distribution centers on time and in…
Reduce costs and increase bottom-line impact by repositioning your Purchasing Dept. All organizations source something, whether it be materials to use in manufacturing, outside services, labor, consumables or other items that are purchased. With most organizations, the spending for what is purchased is a major (or even the primary) portion of total expenses. Most companies…
