Sourcing and Procurement Blueprint for Success: Executive Summary

Published On:
November 18, 2020
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By fostering fruitful supplier relationships and designing strategically focused outcomes, sourcing and procurement professionals now play a central role in addressing supply chain challenges and thus reaching organizational goals. The procurement functions best fulfilling this elevated role have deliberately developed a comprehensive approach to strategy, processes, measurement frameworks, and supporting tools.

APQC’s Sourcing and Procurement Blueprint for Success is a guide for how procurement professionals can achieve best-practice performance. The report provides a framework for optimizing the core processes comprising sourcing and procurement:

  • Provide sourcing governance and perform category management  
  • Develop sourcing and category management strategies 
  • Select suppliers and develop/maintain contracts
  • Order materials and services 
  • Manage suppliers

Access the full report to learn more.