A common currency demands uncommon approaches
Sourcing in the Euro-Area offers unique strategic sourcing and spend management challenges; the right strategy will turn those into unique opportunities.
While the countries that make up Europe vary dramatically in size, diversity, and economic influence, much of the continent shares a common currency that underscores the need for common approaches to strategic sourcing. This report examines the unique pressures, actions, and capabilities faced by organizations in the European region as they continue to leverage sourcing to bolster bottom-line growth.
Taking the macro-economic landscape into consideration, European survey respondents in the white paper indicated the main goal of strategic sourcing initiatives is on creating competitive advantages that can increase the rate of cost savings (both identified and realized). This goal was indicated 41% more often than the next highest goal, increasing efficiencies within the sourcing cycle. And while cost savings is obviously the focus, other sourcing strategies of interest were closely grouped that included improving internal sourcing efficiencies (bidding, spend analysis, and contract management) and driving more spend under management.
This strategic sourcing white paper also covers:
- Unique pressures and challenges faced by organizations in the Euro-Area
- Actions organizations must take to leverage sourcing and bolster bottom-line growth
- How these organizations adapt strategies to cope with socio-political and economic challenges
- Why strategic sourcing is such a high-value component to spend management activities in European countries
Optimize your sourcing strategy for the Euro-Area, download this white paper to learn more.
Europe faces growing pressures due to economic uncertainty. As a result, organizations are increasingly conscious of business related costs. On a regional basis, it is evident that there are comparative advantages tied to regional industry. In Aberdeen’s research, The State of Strategic Sourcing, it’s cited as a high-value component to spend management activities in European countries. The report looks at pressures, actions and capabilities faced by organizations in the Eurozone region related to sourcing. Read the report.