Sourcing Best Practices

Why is efficient sourcing important?

In today’s competitive commercial climate, supply chain professionals constantly have to seek out creative ways to reduce costs, assure and improve quality, and achieve a faster time to market. The total cost of buying and storing materials is often overlooked in this process, but can be in excess of 50% of a business’s total expenditure. Efficient sourcing, based on a tried-and-tested best practice framework, is one method that procurement managers can use to help achieve these supply chain goals.

Is this solution for you?

You need to manage data, compliance and risk across increasingly global, multi-tier supply chains. You need a solution that reduces the total cost of ownership (TCO), creates a procurement function where professionalism and ethical conduct are valued, and enables your people to deliver to your supply chain KPIs, such as reliability, responsiveness, flexibility, innovation, speed to market and cost.

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Inside this solution

The TRACC Sourcing Best Practices work together to help you develop and implement your improvement strategy, manage the transformation, and enable your people to achieve sustainable, replicable world class business performance improvement results throughout your procurement function.

TRACC Sourcing Best Practices:

Procurement

PLUS CORE

TRACC Improvement Strategy and Enablement

Best Practices:

Value ChainAlignment Human Capital Leading andManaging Change