This week I came across an interesting report from a leading player in startegic sourcing and spend analysis - Zycus titled "Zycus path-to-procurement-excellence A CPO’s complete reference guide to sustainable performance improvement through strategic sourcing and procurement management ". A long name but a crisp document to guide you on practices and processes around strategic sourcing. An impressive work done by purchasing magazine and Zycus. It not only talks about the step by step process - a multi year one - to reach to startegic savings goal but also puts up process maturity maps to measure different factors at each step. I will recommend every consultant to surely read and learn from this.
I am sure most of you read a story of Elephant and Seven Blind Men. For starters - this is how the story goes - "A number of blind men came to an elephant. Somebody told them that it was an elephant. The blind men asked, ‘What is the elephant like?’ and they began to touch its body. One of them said: 'It is like a pillar.' This blind man had only touched its leg. Another man said, ‘The elephant is like a husking basket.’ This person had only touched its ears. Similarly, he who touched its trunk or its belly talked of it differently." As Wikipedia mentions - This story has been used to illustrate a range of truths and fallacies. At various times it has provided insight into the relativism, opaqueness or inexpressible nature of truth, the behavior of experts in fields where there is a deficit or inaccessibility of information, the need for communication, and respect for different perspectives. The moral of the story is - While one's subjective experience...
Prashant great post
ReplyDeleteI gone through this. It's great whitepaper on strategic sourcing explaining elaborated practices & processes for high performance organizations.
I downloaded it from following link
Path to Procurement Excellence Whitepaper