Today, global sourcing is an increasingly complex and risky business. Operating in an ever-evolving global business services (GBS) environment involving shared services, outsourcing (ITO/BPO/KPO) and the new world of digital services, sourcing professionals have their hands full as they’re unfortunately all too often managing these complex business relationships in the rear-view mirror. According to industry figures, organizations typically can spend up to 12% of annual contract value just on governance of sourcing relationships. As multi-sourcing becomes the norm and contracts get more complex, governance automation through technology enabled managed service is becoming an imperative.
During this session, you’ll learn about the four key components of effective sourcing governance. A case study from a financial services organization will illustrate how using SaaS based governance solution coupled with a managed service can reduce sourcing governance costs by up to 50%, while ensuring compliance with increasingly complex 3rd party risk management regulations. Finally, Avasant will share how organizations are using real-time analytics, dashboards and support by teams of experts to optimize the business value across their portfolio of vendor relationships. This webinar will enable sourcing and vendor management executives to understand key challenges with governance and effective ways address them.
DISCLOSURE: Sourcing Industry Group (SIG) discloses to you, the individual, that the information collected in connection with: SIG event registrations (including but not limited to Global Executive Summits, Symposiums, Regional Roundtables, CPO Roundtables, CPO Virtual Roundtables, Executive Immersion Programs, Webinars and Town Hall Teleconferences); services (including but not limited to Peer2Peer responses, Career Network postings and SRC requests); and membership inquiries, is being transmitted to a U.S.-based business. The information collected, which may include name, company name, title, email address, telephone number, place of business, company address, etc., is only being collected and used for the purposes of conducting the above-mentioned event registrations, service inquiries and membership inquiries. This information is being disclosed to you in compliance with Safe Harbor laws.