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'''Sourcing advisory''' is the use of third-party (external entity) advise during the sourcing process. As such, it may refer to advise sought during [[outsourcing]], [[offshoring]] or [[global sourcing]]. Advisors can be independent consultants or management consulting firms. <ref>[http://www.forrester.com/Research/Document/Excerpt/0,7211,40655,00.html Overview of outsourcing advisory firms, Forrester Group]</ref>
'''Sourcing advisory''' is the use of third-party (external entity) advice during the sourcing process. As such, it may refer to advice sought during [[outsourcing]], [[offshoring]] or [[global sourcing]].


==Sourcing advisors==
==Sourcing advisors==
Given the strategic nature of the advisory and the prevalence of [[sourcing]] amongst global organizations, most [[management consulting]] firms today offer sourcing advisory services. In addition, there exist a host of specialized [[Sourcing Advisory Firms]] that focus on providing sourcing advisory and research inputs to the industry.{{Citation needed|date=July 2009}}
Given the strategic nature of the advisory and the prevalence of [[Global sourcing|sourcing]] amongst global organizations, most [[management consulting]] firms today offer sourcing advisory services. In addition, there exist a host of specialized sourcing advisory firms that focus on providing sourcing advisory and research inputs to the industry. Sourcing advisors can also be independent freelance consultants.

In recent years software tools to automate sourcing advisory emerged. Building on [[Software as a Service]] (SaaS), the trade mark "Sourcing Advisory as a Service" (SAaaS) is used in the market.<ref>[http://www.plixos.com/en/it-outsourcing-services/saaas-sourcing-advisory-as-a-service "SAaaS - Automation in Sourcing Advisory"]</ref>


==Services==
==Services==
The range of services provided by sourcing advisory firms include
The range of services provided by sourcing advisory firms include:<ref>[http://www.globusresearch.com/services-sourcing.aspx Services Sourcing: Outsourcing and Offshoring (www.globusresearch.com)]</ref>
* Helping buyers identify functions to be outsourced or offshored
* Helping buyers identify functions to be outsourced or offshored (sourcing opportunity areas, shoring strategy)
* Helping buyers identify and evaluate capable suppliers
* Helping buyers identify and evaluate capable suppliers (provider selection <ref>[https://www.resiport.com Software Outsourcing Advisory as a Service]</ref>)
* Advising buyers through stages of the [[outsourcing]] transaction
* Advising buyers through stages of the [[outsourcing]] transaction
* Helping buyers manage established [[outsourcing]] relationships (in issues such as [[governance]] and [[change management]])
* Helping buyers manage established [[outsourcing]] relationships (in issues such as [[governance]] and [[change management]]); improve sourcing contracts
* Helping buyers re-negotiate or renew transactions
* Helping buyers re-negotiate or renew transactions
* Support escalation management
* Execution of operational audits with the aim of project recovery
* Research relevant to the sourcing industry
* Research relevant to the sourcing industry


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[[Category:Business terms]]
[[Category:Business terms]]
[[Category:Outsourcing]]
[[Category:Outsourcing]]
[[Category:International economics]]
[[Category:International business]]

Latest revision as of 11:17, 15 April 2022

Sourcing advisory is the use of third-party (external entity) advice during the sourcing process. As such, it may refer to advice sought during outsourcing, offshoring or global sourcing.

Sourcing advisors

[edit]

Given the strategic nature of the advisory and the prevalence of sourcing amongst global organizations, most management consulting firms today offer sourcing advisory services. In addition, there exist a host of specialized sourcing advisory firms that focus on providing sourcing advisory and research inputs to the industry. Sourcing advisors can also be independent freelance consultants.

In recent years software tools to automate sourcing advisory emerged. Building on Software as a Service (SaaS), the trade mark "Sourcing Advisory as a Service" (SAaaS) is used in the market.[1]

Services

[edit]

The range of services provided by sourcing advisory firms include:[2]

  • Helping buyers identify functions to be outsourced or offshored (sourcing opportunity areas, shoring strategy)
  • Helping buyers identify and evaluate capable suppliers (provider selection [3])
  • Advising buyers through stages of the outsourcing transaction
  • Helping buyers manage established outsourcing relationships (in issues such as governance and change management); improve sourcing contracts
  • Helping buyers re-negotiate or renew transactions
  • Support escalation management
  • Execution of operational audits with the aim of project recovery
  • Research relevant to the sourcing industry

See also

[edit]

References

[edit]