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The Past and Future of Strategic Sourcing – Looking Back to Look Forward at E-Sourcing

Where can strategic sourcing go from here? Have we exhausted its value-driving potential, or is there more proverbial fruit to shake from the savings tree?

Eliminating sloppy work and going digital created a big source of savings, regardless of whether any price point reductions were attained. Sourcing is a concept and a label that runs from sophisticated company-wide strategic supply chain planning projects down to compliance-centric procurement events with equally diverse technological capabilities. So to answer our own rhetorical question: of course there is opportunity for sourcing, but the question is where.

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