Source One is a leading Procurement Service Provider and has been assisting companies with their strategic sourcing requirements for over 12 years. Along with WhyAbe.com, Source One proudly sponsors the Aberdeen Group report titled Strategic Sourcing in the Mid-Market Benchmark The Echo Boom in Supply Management. The report, benchmarks sourcing effectiveness and identifies best practices for Strategic Sourcing in the mid-market.

Aberdeen’s benchmark study found that “the typical mid-size enterprise applies disciplined sourcing methods to only a third of total spending. Most rely on ineffective, fragmented, and largely manual procedures to analyze spending, negotiate, collaborate, and manage suppliers. Such inadequacies limit the ability of mid-size enterprises to leverage already diminutive spending volumes, assess supply market opportunities and costs, and drive continuous improvements in supply costs and performance.”

This report goes on to “identify the practices and attributes of top-performing sourcing programs” and then “provides a framework for estimating the operational and financial impact of adopting such practices.” The benchmark study of more than 130 procurement and supply chain executives found that “more than half of mid-size companies have either launched initiatives to formalize and improve strategic sourcing capabilities within the past 12 months or will embark on such programs within the next year.”

To read the entire report Click Here