The transformational components that help organizations establish a solid foundation for an enduring sourcing relationship.
Award winning benchmarking, sourcing and transformation advisory firm, Alsbridge, Inc., today released a report Secrets of Enduring Sourcing Relationships: Transformation 101, part 1 of a 2 part series that throws light on such transformational components that help organizations establish a solid foundation for an enduring sourcing relationship.
Organizations contemplating outsourcing, transition to a new supplier or an insourcing scenario will be required to execute a sourcing transformation program which requires every organization to address the following six transformational areas included in both Part I and Part II of this series.
Sourcing Transformation Best Practice components
• Transition Management
• Communications management
• Organization Design
• Vendor management
• Operational Alignment
• Service management
This white paper focusses on answering questions related to the first three components that begin to establish a solid foundation for an enduring relationship. The following questions and corresponding guidance leverage sourcing transformation best practices that Alsbridge has learned and refined from helping clients to sustain the strength, endurance and quality of their sourcing relationships.
What should our plan to transition and transform functions, knowledge, tools, projects and processes to and with our new supplier look like?
Change Management and Communications Management
How do we prepare our people for the change and the opportunity it represents? When and how do we communicate what the changes mean for our company, organization and for individual team members?
Retained Organization Design
What resources should we retain for non-sourced functions? How should the organization be structured? How do we select and prepare its members for changing roles?
Whether an organization seeks the assistance of an experienced third party sourcing advisor, or decides to 'DIY' (do it yourself), the preparation described in this whitepaper needs to be done, and done thoroughly, to reduce transition risk and lead to successful sourcing relationships. The approach outlined above and in Part II of this series will significantly improve the probability of accomplishing an organization's sourcing-related business outcomes.
In order to access further details on the above sourcing transformation areas and corresponding guidance to the questions, download the complete white paper Secrets of Enduring Sourcing Relationships: Transformation 101