Strategic Sourcing’s Evolution: A Roadmap For Improvement (Part 1)

As a level set on strategic sourcing enablement, tools-wise, most solutions approach the sourcing challenge the same way today as the best solutions did 10 years ago. On the one hand, the level of maturity is good (few, if any, truly bad solutions have survived in the marketplace – thankfully). But on the other hand, we can look at this and make the observation that the technology market for strategic sourcing has stagnated. There is hope, and we believe that change is starting to happen. In certain circles, it’s actually changing how companies think about the sourcing process overall. In other words, technology is serving as a foundation for new thinking and processes rather than purely as an enablement, data gathering or process automation tool.