Beyond Supply Chain Stopgaps: How Strategic Sourcing Can Drive Resilience in Today’s Market

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Screenshot of the first page of Beyond Supply Chain Stopgaps How Strategic Sourcing Can Drive Resilience in Today’s Market
Bernie Donachie, Protiviti Managing Director, and John F. Weber, Protiviti Director

Across the global economy, supply chains have been hammered by the pandemic, forcing businesses to restructure their procurement operations in order to build resilience. Strategic sourcing, simply put, is an information-based process for developing a superior procurement ecosystem that strives to maximize total value for the organization. Once in place, the ecosystem extracts optimal value while obtaining market-clearing costs. It not only solves current procurement issues but also helps mitigate potential future ones.

This article introduces strategic sourcing and identifies six detailed steps to take to maintain a resilient procurement ecosystem during the pandemic and long afterward.

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