Lost Sourcing Savings: Survey Data Suggest a Crisis (Part 1) [Plus+]

Editor’s note: This Spend Matters Plus brief is a refresh of our 2013 series on sourcing strategies, which originally ran on Spend Matters PRO.

During an ISM webinar highlighting how (and why) procurement organizations fail to implement sourcing savings, Spend Matters asked the audience (approximately 500 practitioners) a number of poll questions: Does your organization have a formal program to ensure that identified savings through sourcing and supplier management programs become implemented savings numbers? What percentage identified savings do you estimate that your organization successfully implements from sourcing and supplier management events and programs? This suggests a few key takeaways about sourcing generally.

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