We spend so much time and effort gazing into the future to see where the cutting edge of strategic sourcing leads that it can be easy to overlook the easy wins that not all companies have addressed yet. Spend size obviously matters, but even smaller spends can deliver savings, especially if the category in question has never been competitively sourced. By “competitively sourced” we mean a bid process where you open up the specs via an RFP process and gather bids from qualified and at least reasonably hungry suppliers that are interested in your business.
Back to Basics – Don’t Forget About Sourcing Easy Wins [Plus+]
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