Creating Value Through Procurement and Sourcing Efforts in Integrated Supply Chains
As part of the ongoing collaboration between Michigan State University’s Eli Broad College of Business and APICS Supply Chain Council, the Beyond the Horizon research project is investigating how the supply chain management discipline is evolving into the future.
Key trends have emerged following in-depth interviews with more than 50 firms around the world.
This whitepaper reviews the research findings surrounding the creation of value through procurement and sourcing efforts in integrated supply chains, including key practices and implementation recommendations.
Based on analysis of the in-depth interviews, the Beyond the Horizon research team identified a number of opportunities to create greater value through integrated supply chains.
Many opportunities require deeper consideration regarding the role and impact of suppliers, and how suppliers are positioned and managed by firms’ procurement and sourcing teams.
In particular, executives described five actions necessary to create value and enhance procurement and sourcing impact:
Understanding value
Creating strategic impact
Expanding relevant scope
Facilitating co-creation
- Earning preferential treatment
This whitepaper provides details on each of these areas.
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