The Why, What & How of Strategic Sourcing: Part 2 – Driving Forces

Procurement Award Winning Case Series from Horizon 2013: Part 2
November 26, 2013
The Why, What & How of Strategic Sourcing: Part 3 – Hurdles in Achieving Smooth e-Sourcing
November 27, 2013
Show all

In the second part, we will delve upon the factors driving the need for sourcing automation. To read part of this blog series, click here.

Driving Forces

Image credit: ralphbijker, Flickr

The top pressure that organizations have been continually facing is the corporate mandate to reduce cost and increase savings. As pointed out by the Aberdeen study, in 2011 60% agreed to cost reduction and increased savings being the biggest challenge. This sentiment was further echoed by 69% in 2012 and 72% in 2013.

The other driving forces for automation in strategic sourcing are;

  • Need for better category management strategies
  • Rising sourcing risk due to supplier performance, fluctuating currency rates, supply chain disruption etc.
  • Increasing complexity in supply chain due to outsourcing, globalization etc.
  • Legal obligations to make the supply chain transparent
  • Need for better visibility into sourcing-related data

In our next blog, we will talk about the common hurdles in achieving smooth eSourcing process.

To read further, click on the download below to access the whitepaper, The Why, What and How of Strategic Sourcing.

[symple_button color=”blue” url=”″ title=”Visit Site” target=”blank” border_radius=””]Download Whitepaper[/symple_button]


Leave a Reply

Your email address will not be published. Required fields are marked *

Please solve this * Time limit is exhausted. Please reload the CAPTCHA.

By submitting this data, I acknowledge that I have read the Privacy Policy of Zycus and consent to the processing of my personal data in accordance with the terms of the Privacy Policy.