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
About Alsbridge Inc.
Alsbridge provides world class sourcing advisory and benchmarking services for the CIO, CFO and CPO. We’ve helped hundreds of companies reduce costs and get more value from their vendors. Our experienced consultants leverage proprietary tools and information databases to identify and engage the optimal vendors for your situation, negotiate best practice terms at fair market prices, and improve the way you work with your vendors. Alsbridge clients utilize the most cost effective and value added sources globally for IT infrastructure services, hardware and maintenance, network services, software and maintenance, application support and development, business processes and cloud services. Alsbridge was ranked the #1 outsourcing advisor in the world by the International Association of Outsourcing Professionals (IAOP) based on the value delivered to clients. This commitment to delivering value to our clients has made Alsbridge a distinguished member of the 2010 Inc. 500 fastest growing privately held companies in America.