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WILLOW GROVE, PA, February 08, 2017 /24-7PressRelease/ -- Committed to advancing the role of Procurement and Strategic Sourcing within the enterprise, leading procurement services provider Source One Management Services releases its latest white paper titled, Strategic Sourcing Throughout the Product Lifecycle: Balancing Competitive Costs with Innovation & Speed to Market. The newest addition to Source One's portfolio of procurement thought leadership calls upon the firm's years of experience supporting direct and raw materials sourcing initiatives to build the business case for including Procurement and Strategic Sourcing groups at each stage of the product lifecycle.
Strategic Sourcing Throughout the Product Lifecycle: Balancing Competitive Costs with Innovation & Speed to Market aims to address a common industry obstacle: getting Strategic Sourcing and Procurement (SS&P) groups involved too late in the product lifecycle, innately limiting the group's budget-optimizing impact. In building the case, Source One's white paper compares the traditional approach of engaging SS&P at the final stages of the Product Lifecycle to the value driven by a more proactive approach.
Direct Materials Sourcing Consultant Martin Przeworski explains, "While Strategic Sourcing and Procurement groups are still making strides in becoming a strategic partner within the organizations they operate, we still see that much of the time engineering departments are hesitant to involve SS&P out of fear they're going to add additional obstacles to getting the products and materials they need. Consequently, these companies miss out on the cost reduction benefits offered by an expanded view of the market landscape. This white paper stems from the best practices we're always working to implement within our clients' supply management operations, which is forging a lasting collaborative relationship between SS&P and other functional departments."
Segmenting the product lifecycle into five stages: Market Need, Product Design, Manufacturing, After Sales Service, and Product End of Life, the white paper also includes real-life case study examples of how Source One's raw materials sourcing consultants have delivered additional value at each stage - providing further evidence of how industry-leading companies are benefitting by leveraging their SS&P groups as strategic advisors.
The value of Strategic Sourcing and Procurement's collaboration with other functional departments is a hot theme to be covered during the Institute for Supply Management's Annual Conference. This year, Source One returns to ISM2017 as featured speakers and exclusive sponsors of ISM2017 executive-only sub-conference, Exec In. Members of Source One's cost reduction team are looking forward to networking with other procurement leaders, as well as sharing supply management insights.
About Source One
Source One Management Services, LLC is an industry-leading procurement services provider, delivering cost reduction solutions for Fortune 1000 clients since 1992. Boasting an expansive portfolio of spend management services, Source One's team acts as a supplement to client resources, delivering the market intelligence and supply management best practices to deliver sustainable results. For more information on Source One's Direct Materials Cost Reduction Solutions, visit us online at http://www.sourceoneinc.com/sample-spend-categories/directs/direct-ma ... materials/.
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