DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/e82eff/the_state_of_strat) has announced the addition of the "The State of Strategic Sourcing: Building a Context for the Next Decade" report to their offering.
Strategic sourcing, for as long as this function has been in place, has been established as a valued set of processes for companies looking to drive savings out of their purchasing activities. As organizations see the current state of strategic sourcing as a high-value component of overall spend management activities, companies will increasingly look to link sourcing activity with the objectives of the greater organization. This report demonstrates the intentions, performance and strategies of over 315 companies globally (responses collected between February and March 2011), as they continue in their pursuits to drive true procurement performance out of their strategic sourcing activities.
Aberdeen used the following key performance criteria to distinguish Best-in-Class performance: spend under the management of the procurement group, procurement contract compliance and realized/implemented cost savings.
Best-in-Class enterprises in this study are notable for their superior performance and attribute their reliance on key capabilities and technologies for the advantages that they hold over their peers:
- 72% higher procurement contract compliance than all other companies
- 52% higher rate of realized/implemented cost savings
- 37% higher rate of spend under management
Key Report Benefits:
- Grow Cost Savings
- Increase Spend Under Management
- Cut Savings Leakage
Key Topics Covered:
Executive Summary
- Best-in-Class Performance
- Competitive Maturity Assessment
- Required Actions
Chapter One: Benchmarking the Best-in-Class
- Business Context
- Pressures: Cost and Sourcing Performance
- The Modern Strategic Sourcing Program: Typical Attributes and Weak Links
- The Maturity Class Framework
- The Best-in-Class PACE Model
- Best-in-Class Strategies: Alignment and Analytics
Chapter Two: Benchmarking Requirements for Success
- Competitive Assessment
- Capabilities and Enablers
- Better Sourcing Through Technology Enablers
Chapter Three: Required Actions
- Laggard Steps to Success
- Industry Average Steps to Success
- Best-in-Class Steps to Success
Appendix A: Research Methodology
Appendix B: Related Aberdeen Research
List of Figures
List of Charts
For more information visit http://www.researchandmarkets.com/research/e82eff/the_state_of_strat