Create Your Sourcing Strategy By Facing Up To Your Organization's Business Realities

While the road to economic recovery is expected to be rocky, by now most businesses have understood the effects they will suffer and have taken measures to shore up business stability. Sourcing and vendor management leaders — like other managers — will be keen to move beyond crisis management and focus on the wider work of their teams. But no one should believe that we're returning to business as usual. The life, and environment, of every organization has changed perceptibly — sometimes radically — over the past 12 months. Sourcing strategists need tools to assess the situation of the business and determine how their own plans and activities need to change to adjust to new realities. Forrester's business context self-test allows sourcing execs to assess their situation and identify which of four characteristic business scenarios is most reflective of their own business. Specific advice relating to each scenario will assist sourcing and vendor management leaders to set priorities and manage dealings with other stakeholders around the organization.