A Good Problem to Have Is Still a Problem

Is your strategic sourcing program moving so fast you can’t keep it under control? There is an answer and it’s not MS Excel.

Thursday, August 20, 2015
BY: Betina Nygaard, CEO

Much of the discussion in the strategic sourcing industry centers on how to drive “more”. More volume, more savings, more users, more categories. If you look at the agenda for any conference you attended, you are sure to have seen several multiple sessions related to getting “more” out of your program.

This is without question a good thing. It means improved savings, risk management, compliance and visibility for your organization and increases your value and influence.

However, as with anything there is a challenge. As your program ramps up, you will find it increasingly difficult to effectively manage all the activity. When you had one super user in one office with couple projects inflight, it was easy to keep track of everything. Now, with users and projects dispersed across multiple departments and geographies, you’ll need to find a way to make sure that everything stays on track and delivers the results you need.

Beware the uber-spreadsheet. We have all tried to manage a complex program with an Excel spreadsheet. And we all know that it’s not the right way to do it no matter how many fancy macro’s your Excel-wiz business analyst puts in there. Too few integrations, too much updating, and too many opportunities for mistakes.

Instead, join the 21st century and use a solution that gets you what you need:

  • Single, cloud-based repository for all projects, notes and attachments
  • Customizable dashboard and reporting of all projects including those not managed through the eSourcing platform
  • Workflow management for tasks for all stakeholders and contract participants
  • Integration with Supplier Management, eRFX, eAuction, and Contract Management processes

Having to cope with program growth is one of the best problems you can have. Make sure you’re doing it the right way.