In this millennium a credible sourcing management alphabet must contain an explicit aphorism on governance. Sourcing governance has only 3 elements; People- the right number and type; Processes- a comprehensive set; and Tools – meeting structure. collaboration site, and minutes. Good sourcing governance ensures that the transactional part of the relationship (right invoice, SLAs met, projects on track, etc) is completed with the utmost discipline to ensure resources have more time to devote to innovation and other proactive activities.
Very few have made this leap successfully.
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