What are your financial challenges? What lessons can be drawn from trends in sourcing that can help meet your objectives? Have you researched your needs and outcomes? What is your current approach to sourcing? How do you use the market? How do you find out what service providers might be able to offer?
At EightyTwenty Insight we find these are common questions we are asked by clients – or indeed that we ask of them - early on in a sourcing assignment. These are very much the kinds of questions to have in mind when preparing to develop a sourcing strategy.
Careful research and planning combined with an innovative mindset is achieving startling improvements in both the quality of the products and services offered by organisations and the value for money achieved in doing so. In every case, preparation is the key to success. This phase of the sourcing life-cycle is initiated and shaped by a process of analysis and reflection. Clients should pay particular attention to:
Whether you require a Market Survey, a Benchmarking exercise, a feasibility study or another form of research / analysis we can help.
Once you understand the available service delivery approaches - what is available, what has worked before and how value is generated – you are ready to explore what might work best for your organisation, by creating a sourcing strategy.
Next stage: Create