Digital Talk | Strategic Sourcing: a strategic approach in Procurement

The variability of the current competitive environment has led to the procurement area to play an increasingly central role as a leverage on operating profitability.

Companies have for years applied a procurement strategy progressively centered on optimizing supply chains for efficiency and cost reduction with excellent results in many cases.

This strategy was set on the basis of progressively more asymmetrical parameters such as price pressure, inventory reduction, and supplier alignment on the buying company's production plans from a Just-in-Time perspective.

Today it is increasingly necessary to move beyond this approach to a strategic vision of the sourcing function assessing the supply chain as a whole not only in terms of cost, but also considering the most strategic geographic areas for business development and setting up a supplier qualification process to increase value creation for the customer.

Find out, Through cases of real application, The roadmap for transforming the procurement function into Strategic Sourcing: from the assessment of the starting situation to the scenario building and their Impacts for Supply Chain Improvement.

Objectives achieved:

• Avoid the Supply Chain Disruption And increase the flexibility of supply chains, but also increase operational performance
• Govern procurement-related costs Of components and raw materials
• Reduce the distance and time to delivery of supplies