Today’s sourcing and procurement function has the ability to be so much more than just the buying arm of the enterprise, focused only on getting the lowest cost. Shifting the focus to what the business needs to accomplish its goals can enable procurement to take into account elements such as supplier quality and reliability. The procurement playing field today requires knowing when and how to apply collaborative relationships in which suppliers are motivated to drive transformation and innovation with purposeful investments designed to create value.
Kate Vitasek with Vested Way will be speaking on our free webinar on August 27th at 11:00 a.m. CDT about sourcing business models and how they can result in strategic benefits.
This webinar will introduce the University of Tennessee’s work on sourcing business models and share the insights from the book Strategic Sourcing in the New Economy: Harnessing the Potential of Sourcing Business Models in Modern Procurement. Attendees will leave with a fresh perspective and a new lens for thinking about supplier relationships. Key takeaways include:
- Why some of the worlds’ most popular sourcing strategies are incomplete for today’s modern procurement challenges
- Why and when it is essential to make the shift from “buying” to “architecting” supplier relationships
- How systems thinking can optimize supplier relationships
- How to apply sourcing business model theory for any spend category
This webinar is now over. Please see the slides to learn more.
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