SAN FRANCISCO--(BUSINESS WIRE)--Scout RFP, a leader in the cloud-based strategic e-sourcing space, is pleased to introduce a new procurement industry resource created by Harvard Business Review Analytic Services. The new research paper explores the critical role that sourcing, procurement, and supply chain management play in enterprise success. It includes insights from leaders at Accenture, Adobe, Bradken Limited, Deloitte, Intuit, Levi Strauss & Co., Owens Corning, Uber, and VSP Global.
Click here to download the research.
Today’s high-performing procurement teams have evolved into an essential contributor to enterprise revenue success. To maximize potential, the enterprise must embrace solutions that enable visibility, collaboration, and automation across sourcing processes. Fortunately, cloud platforms have evolved to facilitate the optimization of supplier and stakeholder relationships, allowing the enterprise to drive better outcomes.
“Sourcing is something that’s almost entirely within our control. Not only are we delivering a prize in the form of substantial added value to the business, we can chase that prize at our own pace,” Paul Zuckerman, CEO of Bradken, says in the report. “Inflection points don’t usually look inspirational at first glance, but leveraging the familiar is what we did to reinvent ourselves and it paid off.”
The report focuses on the enterprise-wide benefits that truly strategic sourcing provides. “Digital disruption has meant that enterprises now have to optimize performance across all areas of the business to stay competitive,” said Scout RFP’s CEO Alex Yakubovich. “High-performing companies are solving business problems and improving speed to market, so much so that companies that focus on strategic sourcing enjoy not just enhanced profitability, but a range of positive results including improved cash and working-capital performance.”
Strategic sourcing improves outcomes across the business. Among its many benefits, it bridges the gap between businesses and their suppliers, drives efficiencies, helps businesses pursue proven processes from an enterprise perspective, solves business problems, improves speed to market, encourages constructive competition, manages supplier-related risk, and ensures compliance.
“It’s not just about cost savings—which was the traditional mindset of the procurement function,” Neil Aronson, head of global strategic sourcing at the San Francisco-based online transportation network firm Uber Technologies Inc., says in the report. “It’s about continually improving and re-evaluating how we’re buying to make sure we’re getting the best outcomes. The sourcing function brings a rigorous process to bear to drive value beyond cost savings.”
About Scout RFP
Scout, also known as Scout RFP, provides a new breed of cloud-based strategic sourcing solutions that help organizations achieve better outcomes and make a bigger impact. Leading brands like Intuit, CEMEX, Splunk, Jo-Ann Stores, ServiceNow, Cerner Corporation, EasyJet, and Zebra Technologies trust Scout’s automated sourcing and auction platform to deliver greater value through collaborative business engagement. 26,000 active users across 89 countries have chosen Scout’s simple, effective interface to streamline supplier selection, centralize data, and make more informed purchasing decisions, faster. Scout is headquartered in San Francisco, and funded by New Enterprise Associates (NEA) and GV (formerly Google Ventures). To learn more, please visit scoutrfp.com and follow us on Twitter @scoutrfp or LinkedIn.