The Role of Sourcing and Procurement in a changing world
18/10/2022
Nowadays sourcing teams take care of an ever-increasing amount of tasks. What is the role of sourcing and the key to its success in a rapidly changing world?
Nowadays sourcing teams take care of an ever-increasing amount of tasks. What is the role of sourcing and the key to its success in a rapidly changing world?
Contract Lifecycle Management (CLM) is a hot topic – specifically its digitalization.
With the right tools, it's easy for a sourcing team to manage the RFx materials. Shared material can be updated effortlessly throughout the sourcing process.
“Typically the most time-consuming part is going manually through the suppliers’ proposals and trying to find the accurate data for comparisons.”
In recent years, many sourcing teams have taken significant steps forward in ensuring the responsibility of their supply chain. However, there is often a large number of suppliers to monitor.
"A lot of time was saved as we were able to focus on the actual supplier comparison, instead of copy/pasting the proposals side by side, one by one.”
Supplier evaluation is an essential part of many sourcing organizations’ supply chain management. Different evaluations processes have many common challenges.
A lot can happen all around the world nowadays. Some changes are smaller, some larger but they all might have an effect on the company's supply chains. When something unexpected happens, how can companies ensure that the supply chain will continue to deliver normally also tomorrow?