Willow Grove, PA (August 18, 2015)– Leading procurement and supply management services consulting firm, Source One Management Services, LLC, takes its thought leadership foothold another step further with the release of its latest whitepaper, Is It Time to Transform Your Procurement Operations? Leveraging wisdom formed over decades of helping clients optimize procurement and supply chain performance, Source One’s newest whitepaper serves as a guide for assessing how SS&P operations align with overall corporate strategy.
Vice President William Dorn shares; “This whitepaper reflects a shift in the procurement function that Source One has helped to affect. Companies are no longer relying on procurement departments solely for tactical purchasing, but more so on a strategic level to align spend with the company’s overarching strategies.”
With this shift in mind, the paper presents a holistic methodology that addresses how procurement delivers value to the company as a whole through its cross-functional and cross-category impact. Emphasizing the need for a current state assessment prior to launching a procurement transformation initiative, the paper walks supply management professionals through major considerations for standing up a procurement organization:Processes, People, Technology, and Metrics, including:
- How to prepare for a procurement transformation by defining clear assessment goals and gaining executive buy-in
- The steps companies should take when conducting the assessment for each of these functions and what questions they should be able to answer post-evaluation
- What type of metrics are needed to accurately measure procurement’s performance based on corporate goals
Source One also plans to release additional guides for implementing advanced analytics in Strategic Sourcing and Procurement, as well as on the topic of evolving Procurement BPO paradigm later this year. This fall, expect to find Source One attending the Q1 Pharmaceutical Procurement & Strategic Sourcing Conference as featured guests. Also catch Source One experts at ProcureCon Pharma 2015.
Contact our Procurement Transformation Experts to learn more about our Procurement Transformation Advisory Services.