Supply chain procurement leaders face continuous pressure to optimize costs while supporting increasing customer demands and agility. Yet in their endless pursuit of cost savings, organizations often create unnecessary supplier risks — e.g., pushing away suppliers whose unique capabilities may be critical to their business success.
Supply chain procurement leaders must move beyond short-term cost management to leverage supplier capabilities to their maximum advantage in a structured and segmented fashion. This involves aligning supply chain sourcing strategies, driving stakeholder engagement, and setting and communicating the right metrics internally and externally to drive the right behavior.
This research identifies three principles that sourcing and procurement leaders can apply to support inventory excellence while fulfilling functional objectives for cost-optimized supply.
This complimentary webinar showcases how leading procurement executives educate their business partners on their function’s role, build a compelling value proposition, and communicate the support they provide to the business.
Cost optimization is a fundamental responsibility for sourcing and procurement leaders in supply chain. This research provides a framework and top ideas to optimize costs through both short-term tactical improvements and longer-term transformational changes.
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To improve supplier management operations and increase performance, supply chain leaders responsible for sourcing and procurement should go to Gartner for the insights they’ll need to succeed in their role.
Turn your vision into action at Gartner Supply Chain Symposium/Xpo™ 2020, where chief supply chain officers (CSCOs) and their leadership teams gain a strategic view of the trends disrupting their business. Through collaboration with Gartner experts, thought leaders, industry peers and solution providers, you’ll explore new ways to approach your most critical challenges and achieve greater impact as a leader.
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