Source One's Guide to Building an Effective Procurement Organization
Build a Procurement organization that will thrive and adapt throughout the new strategic era.
Transforming Procurement isn’t a matter of picking and choosing. Though every organization has its own priorities, a true, sustainable transformation will take each of Procurement’s pillars into account. Source One encourages this big picture thinking throughout Building an Effective Procurement Organization. The five-part whitepaper series looks at the steps businesses can take to optimize their approach to Procurement’s People, Metrics, Processes, Tools, and Role within the organization.
Even in a rapidly-automating era, there’s no denying the importance of Procurement’s people. In the first installment of Building an Effective Procurement Organization, Source One offers tips for structuring, developing, and empowering Procurement professionals. Covering everything from operating models to organization-wide purpose, it should empower leaders to take a more hands-on approach and drive greater results.
Learn how Source One can enhance the skills and capabilities of your Procurement team.
Part 2 – Metrics
For Procurement to accept a seat at the executive table, the function has got to measure its performance and deliver a compelling report. Part 2 of this insightful whitepaper series dives into the data Procurement should gather and offers best practices for turning data into action.
Refine Procurement’s approach to metrics and reporting with Source One.
Part 3 – Processes
Improving the sourcing process from end-to-end can pay huge dividends for your organization. Examining each stage in the Strategic Sourcing cycle, Part 3 of Building an Effective Procurement Organization offers tips and best practices for everything from spend analysis to contracting.
Fine-tune Procurement’s processes for maximum efficiency.
Part 4 – Tools
Procurement is eager to realize a digital transformation. Oftentimes, however, this enthusiasm can lead to confusion and procurement platform implementations plagued with false starts. Part 4 of the series looks at the technology landscape and advocates for a balanced, strategic approach to introducing new tools.
Employ best-fit tools to power Procurement’s growth.
Part 5 – Role
Procurement’s success ultimately depends on its ability to engage the organization effectively. In the final segment of Building an Effective Procurement Organization, Source One offers insights for boosting Procurement’s perception and ensuring it functions as a valued, strategic ally.
Boosting Procurement’s Role
Build an Effective Procurement Team with Source One
Source One’s thought leaders believe in the power of openly exchanging insights and ideas. Our team regularly shares our observations and spend management best practices in eBooks, whitepapers, and other downloadable content. Check out a sampling of our Supply Management thought leadership below.
What’s Next for Procurement and Supply Management?
Source One’s team looks ahead to some of the issues that will define Procurement and Supply Management’s next era. In addition to ever-popular topics like skills gap and Procurement’s shifting perception, they examine subjects like cybersecurity, ethics KPIs, and value of adaptability.
The Future of Supply Management
Pro Tips for Impactful Procurement
Since 1992, Source One has helped redefine what it means to operate a high-impact, strategic Procurement function. This whitepaper provides best practices gained through countless successful strategic sourcing and spend management initiatives. Looking to earn Procurement a seat at the executive table? This is a great place to start.
Boost Procurement Today
Procurement Transformation: Industry Perspectives
This five-part series examines the topic of Procurement Transformation from every angle. Featuring insights from nearly a dozen Supply Chain and Procurement thought leaders, the series offers strategies and best practices for organizations at every maturity level.
What is Procurement Transformation?
Demystifying MRO Procurement
Maintenance, Repair, and Operations spend is an essential (often overwhelming category). In this series, Source One’s category specialists present readers with some of the strategies and best practices that have helped them not only make sense of the category, but make it a value generator.
Understanding MRO Spend
Empowering the Business with On-Demand Support
In this whitepaper, Source One presents a case study in the versatility and effectiveness of its Procurement Help Desk support model. Providing businesses with on-demand access to a wealth of resources, it’s an adaptable, customizable alternative to traditional outsourcing.
Introducing the Procurement Help Desk