Best practices, technology, and new takes on critical business topics from ChainLink Research
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Thursday April 10, 2014 -- Published twice monthly. |
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We explore the success that several companies have achieved through automating and integrating their S&OP process.
[ Read: Integrating S&OP ]
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By Thomas W. Bower
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Thursday April 10, 2014 |
Some authors have suggested that strategic sourcing is often done in a win-lose style, without true collaboration between buyer and seller. Nothing could be further from the truth, as a win-lose relationship is the antithesis to strategic sourcing done the right way. Strategic sourcing, done right, can become a real competitive advantage.
[ Read: Suppliers: A Proven Competitive Weapon You May be Overlooking ]
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The procure-to-pay process (P2P) for direct materials resists standardization and automation. As the critical execution phase of source and procurement, it is where the rubber meets the road for inbound materials. This is the first in our series on direct P2P, based on recent research.
[ Read: Spotlight on Direct Materials Procure-to-Pay ]
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