By Bonnie Keith, Kate Vitasek, Karl Manrodt, Jeanne Kling (auth.)
Read or Download Strategic Sourcing in the New Economy: Harnessing the Potential of Sourcing Business Models for Modern Procurement PDF
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Additional resources for Strategic Sourcing in the New Economy: Harnessing the Potential of Sourcing Business Models for Modern Procurement
Example text
We also encourage organizations to ensure a best-fit, not just a best-practice, view when it comes to governance and SRM practices. Best-Practice versus Best-Fit Mentality Not all sourcing initiatives are worth the effort. Let’s face it: There is only so much time and resource to manage sourcing initiatives. Some buyers using a multistep strategic sourcing process spend too much effort on their procurement efforts, and others spend too little time. Unfortunately, most multistep models teach the best practices of each step rather than how to apply that step most appropriately to your specific situation.
While the idea of providing bite-size tactics is easy to swallow, it does not keep up with the dynamic pace of business. 32 Incremental thinking surely would not have delivered the success of Procter & Gamble, McDonald’s, and Microsoft as discussed in Vested: How P&G, McDonald’s and Microsoft Are Redefining Winning in Business Relationships. Playing on ATK’s Purchasing Chessboard may create more confusion, less efficiency, and much less effectiveness than taking a more holistic view of your entire sourcing spend.
Some of the public was wary of railroads at first . . ’”6 Skeptics often find a champion to help them make their point. In the case of the railroad, many historians point to a letter purportedly written by Martin Van Buren to President Andrew Jackson in 1829 that sought to preserve canals from railway development. ”7 CHANGE CAN BE GOOD FOR BUSINESS Although it took nearly 100 years for the railroad to connect the East and West Coasts of the United States, progress prevailed. Railway access expanded trade to previously inaccessible markets, stimulated new business, enabled easy relocation, and brought travel opportunities for people of all ages and cultures.