Improving Sourcing Outcomes: The Three Cs of Vendor Management Success
Creating a Framework for Your Organization’s Sourcing Projects
The idea behind sourcing is simple: Do what you’re best at, and hire someone else to take care of the rest. Failure in sourcing has grown to be one of today's most complex business issues. Whether you are buying or selling office supplies or outsourcing entire information technology functions, sourcing can become a liability if not properly planned and executed.
Improving Sourcing Outcomes: The Three Cs of Vendor Management Success discusses:
- The Sourcing Continuum, a model that illustrates the five types of sourcing as well as the complexity and risk of sourcing initiatives
- The Collaborative Sourcing Process, a repeatable model that serves as a guide to developing cross-functional competencies within your organization
- An effective communications plan that spans the entire sourcing life cycle
It is no longer enough to focus on daily tactical operations as the basic building blocks of organizations. Sourcing requires cross-functional competence, collaboration, and communications—applied consistently by all individuals involved in the sourcing process.