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3 Things Sourcing Brings to the (Thanksgiving) Table

It’s been a wild ride at Scout this year, and there’s a lot to be thankful for. We have incredible customers, a talented Scout Village, and we’re about to join one of the best companies to work for in the world. It’s certainly a time of gratitude for all of us at Scout as we reflect on the past year and gear up for 2020. One thing will never change though – we are just as obsessed over our users as ever! 

So, what can sourcing and procurement bring to the table this Thanksgiving? An effective sourcing team leads the enterprise in optimizing supplier performance, driving savings, and achieving better business outcomes. Here are just three dishes Sourcing can serve up for the business this Thanksgiving:

1. Scrumptious Supplier Engagement

Procurement professionals are the gravy between their suppliers and stakeholders. By building strong relationships with each, they can ensure a hearty connection that helps suppliers deliver more for the business. To manage these relationships, sourcing teams need a hub where they can centralize their data, onboard and evaluate their suppliers, and collaborate with them in real-time. Take a look at IBX’s story to see how you can drive supplier performance, increase transparency, and achieve incredible results in your organization.

2. Sweet Strategic Partnership

Stakeholders are the stuffing to sourcing’s turkey: separately, they’re both effective, but the magic truly happens when they’re combined.  With Scout’s collaborative platform, partnering with your stakeholders is easier than ever.

A strong relationship with your stakeholders translates into more effective negotiations with your suppliers, more visibility into sourcing processes, and more savings for your business. Looking for tips on leading successful negotiations with stakeholders and suppliers? Check out our recap of our Sourcing Leaders event with the Negotiations Ninja himself, Mark Raffan

3. Tasty Transformation

Lastly, as a historically underserved organization, sourcing is uniquely positioned to effect change within their business. By leveraging the right technology, sourcing can transform from a tactical organization to a truly strategic business powerhouse. 

Check out Scout President Stan Garber’s article in Supply & Demand Chain Executive to learn more about sourcing teams’ abilities to champion transformation in their organizations and make major impacts to the business. With modern solutions, sourcing can hop right on the gravy train–next stop, transformation!

Find More Tasty Tips at SPARK 2020

From all of us at Scout, we hope you have a wonderful Thanksgiving this year. We could not be more thankful for our amazing customers, and we’d love to give back to them at SPARK 2020 – Scout’s annual user conference connecting more than 800 procurement professionals from all over the globe. This year, attendees will hear from leaders like Bill Gates-recommended author Safi Bahcall, Dr. Elouise Epstein of A.T. Kearney, Negotiations Ninja Mark Raffan, and so many more. Don’t miss your chance to learn from experts on how you and your team can find creative solutions to sourcing challenges, transform through technology, and engender a culture of sourcing success in your organization. 

Between quality time with loved ones, gratitude, and pumpkin pie, don’t forget to register for SPARK 2020 this Thanksgiving. What’s tastier than seconds? A discount, of course! Use spark85thanks for 85% off your ticket to SPARK – but act fast, this discount will expire quicker than your leftover turkey sandwiches. Happy Thanksgiving, everyone!

Michaela Dempsey | Tags: , , , ,

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