Lost Sourcing Savings: Survey Data Suggest a Crisis (Part 2) [Plus+]

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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. Check out Part 1 of this series here

As much we like to jump to some “geek” answer to solve savings and supplier implementation challenges, hopefully you have realized by now that the right technologies alone will not get a procurement organization very far in overcoming the savings implementation hurdles. Indeed, the diversity of challenges surrounding implementing sourcing savings in both manufacturing and non-manufacturing environments run deep across functional and organizational DNA and capabilities. Tackling these first will enable procurement organizations to use the right set of technologies as a glue that binds all of the jigsaw pieces of the rest of the savings implementation equation permanently.

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