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White Paper

Strategic Sourcing in EMEA

The primary challenges faced by procurement and sourcing groups based in the EMEA region - to identify and deliver cost reductions, to improve supplier quality, and to increase enterprise-level visibility into spend, all while mitigating risk and driving innovation will become increasingly difficult in the second half of 2008. Strategic sourcing projects are now flying headfirst into an inflationary storm that threatens to significantly disrupt plans and crush budgets. The Strategic Sourcing in EMEA Benchmark Report is a detailed guide for enterprises and sourcing professionals that are based in the EMEA region to improve the quality, speed, volume, and overall savings of their strategic sourcing programs...

Best-in-Class Performance
Aberdeen evaluated over 230 EMEA-based sourcing programs between March and May of 2008 and distinguished Best-in-Class performance by the percentage of spend that is sourced by an automated (e-sourcing) process. Top-performing enterprises in this research study utilize e-sourcing solutions for a remarkable 56% of their addressable spend.

Competitive Maturity Assessment
In the quest for continuous improvement, procurement's hand in strategic business initiatives continues to increase, driven largely, but not solely, by an ability to identify cost reductions. Best in Class enterprises in this study are notable for the breadth and scope of their strategic sourcing efforts and for

  • Placing 45% more spend under the management (of the procurement organization) than all other enterprises
  • Applying strategic sourcing methods to 47% more of their spend than all other enterprises
  • Realizing cost savings rates (per sourcing initiative) that are, on average, 40% higher than all other enterprises

Download full whitepaper :
Strategic Sourcing in EMEA (531 KB)

 

Learn more about Zycus Spend Management Solution Suite

Zycus Spend Management Solutions are designed to ensure overall success of an organization's spend management program by helping sourcing professionals ANALYZE their spend deeper and wider... Read more

  • Spend Analysis - Zycus Spend Analysis Solution to classify spend data prior to loading it into SAP BW, organizations... Read more
  • Strategic Sourcing - Zycus Strategic sourcing suite is specifically designed for those organizations that are currently looking to automate their manual process. Taking cues from what-went-well and what-went-wrong, specific requirements of late entrants in eSourcing, and budget constraints... Read more
  • Contract Management - Zycus Contract management plays a vital role to a company’s financial health & is viewed as strategic weapon in optimizing contract performance and improving the return on investment... Read more