An Aberdeen Group report on the challenges (and thus far missed opportunities) of strategic sourcing among mid-market companies.
"Inadequate sourcing competencies are costing mid-size firms more than $134 billion in missed supply savings opportunities annually."
Several key takeaways are presented in specific detail within the document:
* Mid-size companies have prioritized sourcing competency as necessary for survival
* Most mid-size firms lack the process and commodity expertise and supporting organizational and technology infrastructure to transform sourcing operations.
* Most mid-size firms will need to build sourcing programs from the ground up, starting with standardizing processes and adopting supporting technology solutions and services.
* Sourcing deficiencies put mid-size firms at a cost and competitive disadvantage.
Aberdeen Group
12/2005
Questions or feedback? Email me directly at jfogarty@ariba.com
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