Five Benefits of a Sourcing Audit
Written by By Keith Fiveson, CEO, Managing Consultant
Thursday, 22 April 2010 14:15
Executives should conduct an annual detailed examination of their outsourcing, offshoring, or global sourcing service, contracts, and relationships, during a a sourcing audit. I believe it is a strategic imperative to link an organization’s people, technology, and financial commitments to reduce risk and increase profitability. Whether an organization is outsourcing, offshoring, or has a subsidiary facility offshore providing service to the U.S., executives should take a close look at internal and external sourcing relationships to identify risks and gaps in processes. A sourcing audit provides an organization with five key benefits that translate directly to bottom line results and increases return on investment from your outsourcing, offshoring or captive operations. To receive these benefits executives should periodically audit their offshore operations in a planned and structured way twice per fiscal year and design auditing capabilities into their forthcoming sourcing operations.
The sourcing audit provides an organization with five key benefits that translate directly to bottom line results to increase the company’s relationship value and return on investment. The sourcing audit provides an ongoing structured approach to managing the health of valued supplier and client relationships as well as internal resources..
Read more: Five Benefits of a Sourcing Audit
Sunday, 05 September 2010 12:28
Sunday, 05 September 2010 12:28
Sunday, 05 September 2010 12:28
Sunday, 05 September 2010 12:28
Sunday, 05 September 2010 12:28
Sunday, 05 September 2010 12:28
Sunday, 05 September 2010 12:28
Sunday, 05 September 2010 12:28
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