Sourcing Strategy

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Sourcing Strategy

Data Sheet

A Sourcing Strategy comprises the philosophy, decisions and implementation approach to dealing with vendors that helps it achieve an organisation’s business objectives The Challenge You have a need to: ·

Develop the processes and governance for end-to-end management of a multi-sourced environment

The Benefits

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Flex the Sourcing Strategy to take account of changing business needs and the impact of disruptive technologies such as cloud, mobile, big data and social media

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Maximising sourcing to deliver value driven strategic goals

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Define the balance of insourced, outsourced and multi-sourced services and resources

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Optimised sourcing solutions and retained team design

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Accurately assess the costs, benefits, risks and feasibility of creating the multi-sourced environment

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Determine an appropriate operating model, governance processes and toolsets to manage your target suppliers

Line of sight alignment of Sourcing Strategy with business strategy

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Accurate management decision-support information for determining best sourcing approaches

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Faster, coherent and coordinated sourcing decisions

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Leverage re-use of Virtrium’s extensive IP and market knowledge

Virtrium’s Approach Having understood the organisation’s business goals and strategy, Virtrium reviews the organisation’s internal competence and the external market’s capability. From this review sourcing and associated governance models are designed and recommended. Depending on your needs Virtrium can conduct a number of exercises including: ·

An assessment of what your organisation’s sourcing needs to achieve optimal service delivery

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A realistic and independent analysis of service delivery options

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A set of actions with line-of-sight to the business strategy

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Tailor-made principles to help guide the sourcing decision-making

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Roadmaps and detailed plans outlining how to move to the desired new multi-sourced environment.

Virtrium consultants bring industry knowledge, lessons learnt and experience of best practice Sourcing Strategy. They are objective, independent and work collaboratively with your own people to ensure expertise is transferred and maturity enhanced.

Virtrium Limited, Westmead House, Farnborough, Hampshire, GU14 7LP, United Kingdom +44 (0)1252 543022 www.virtrium.co.uk