Ensure The Future Of The SVM Organization With Innovation

Professional sourcing and vendor management organizations (SVMOs) have the potential to become one of the most important organizations in their enterprises, due in large part to their core responsibilities: They facilitate key supplier relationships and therefore form the linchpin between the business demand and external market supply. Currently, many SVM organizations deliver value internally by managing st able, consistent business technology services. Yet Forrester sees far more potential for sourcing and vendor management professionals to facilitate the innovation activities of the business. By doing so, they can play a more active role in business technology and play a pivotal role in addressing fundamental long-term business challenges. This report talks about the kind of innovation business executives require today for future planning and how SVM professionals can play a role in two very different innovation models.