There is no “One-Size-Fits-All” formula for staffing your Supplier Governance team

“The challenge is not about setting up a governance team; the real challenge is in knowing how to staff it right.”

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Supplier Governance has to be an integral part of enterprises engaged in outsourcing. Why should not they be when globally, organizations lose about 15% to 25% of Annual Contract Value (ACV) due to their failure to mitigate value leakage. Moreover, an effective governance team would not only provide maximum value realization out of outsourcing engagements … [Read more…]

Lack of Supplier Governance? Sometime you lose money, sometime reliability.

“The know-how of Supplier Governance and corresponding tools are essential in making outsourcing engagements successful.”

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Every organization engaging suppliers knows that value leakages occur in outsourcing contracts, which can vary anywhere between 10% and 25% of the Annual Contract Value (ACV). There are two types of value leakages – hard dollar and the soft dollar. Hard dollar leakages are the low hanging fruits of the two – easily visible, whereas … [Read more…]

Supplier Governance Checklist for a Hassle-free Ride

“Matured Supplier Governance practice minimizes Hard and Soft Dollar leakages from outsourcing deals.”

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Supplier Governance is a concept of managing outsourcing contracts once they are signed, so that outsourcing goals are effectively translated into predictable outcomes. With its primary objective of providing insights into outsourcing contracts, Supplier Governance helps enterprises minimize value leakage, including both hard and soft dollars. To give you an analogy, when you purchase a … [Read more…]

Managing Miles and Milestones

“Supplier Governance is an ongoing effort that has the potential to offer tremendous return-on-investment.”

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Recommendations of our friends, family, and salesperson often influence our decision when we purchase a car. As we focus on procuring it, we often tend to overlook the cost and care that will go into maintaining a particular model post purchase. Failing to address these factors will eventually lead to more spending on the car … [Read more…]