The strategic sourcing group has faced myriad challenges over the last two decades, including a fluctuating economy and increased expectations to bolster the enterprise bottom-line. However, the last few years have brought about a new, complex challenge: continue to drive procurement performance while finding fresh cost savings within other areas of corporate spending.

This benchmark study, measuring the performance, strategies and intentions of over 400 enterprises, is a modern guide for enterprises looking to augment their existing strategic sourcing programs with new techniques to effectively reinforce financial recovery with implemented cost savings.

Competitive Maturity Assessment

Survey results show that the firms enjoying Best-in-Class performance shared several common characteristics. These top-performing organizations are:

• 51% more likely to engage in collaboration with other internal units than all other organizations

• 30% more likely to have standardized sourcing processes

• 29% more likely to automate their spend analysis systems

Download full whitepaper :
Strategic Sourcing 2010 : The 2010 Guide to Driving Savings and Procurement Performance. (473 KB)

Learn more about Zycus Spend Management Solution Suite

Zycus Spend Management Solutions are designed to ensure overall success of an organization's spend management program by helping sourcing professionals ANALYZE their spend deeper and wider... Read more

• Spend Analysis - Zycus Spend Analysis Solution to classify spend data prior to loading it into SAP BW, organizations... Read more
• Strategic Sourcing - Zycus Strategic sourcing suite is specifically designed for those organizations that are currently looking to automate their manual process. Taking cues from what-went-well and what-went-wrong, specific requirements of late entrants in eSourcing, and budget constraints... Read more
• Contract Management - Zycus Contract management plays a vital role to a company’s financial health & is viewed as strategic weapon in optimizing contract performance and improving the return on investment... Read more