How well do you understand and work with your stakeholders? I’m not talking about your colleagues or management team, I’m focusing specifically on procurement as your customer.
Set and forget. Maybe this approach works with your home electricity account or perhaps your quarterly utilities bill. Where set and forget can never be used is in the management of your supply base – particularly your most important 10 to 20 suppliers.
How valuable would it be if you could gain preferential access to scarce resources? What would it mean for your business if suppliers brought their latest innovation and thinking to you first?
Synthesis Group’s Director, William Pegg, was invited to speak at the ARCS Australia therapeutics and pharmaceutical conference in Sydney in June 2014. William presented on the topic of Strategic Outsourcing to an audience from across the industry, a number of the key elements have now been reworked into an article format.