Operational efficiency

Re-defining sourcing: economic uncertainty as the trigger for operational efficiency and reinvention

In the span of six weeks, the world as we knew it came to a halt. We experienced a massive economic shift from sustained growth, even if lined with skepticism for its long-term sustainability, to a drop of nearly 30% in the U.S.’s daily economic output. While this cataclysmic stoppage has often been in response to containing the pandemic spread, forward-thinking organizations have already begun to plan their emergence from the shutdown – and to redefine the future of the sourcing function.

Join Baker Tilly in this on-demand webinar to learn best practices, practical examples and actionable tools leveraged by the sectors’ most progressive organizations in shaping a new reality of sourcing – today.

Key learning objectives:

  • Understand the five guiding posts in redefining sourcing and operational frameworks under the new economic reality
  • Gain insights on best practice-based phases and actions associated with sourcing initiatives
  • Identify the risks associated with supply chains and mitigation strategies
  • Understand the near- and long-term benefits of a well-structured sourcing initiative
  • Apply a directional framework to integrating such items into a resilient sourcing model for your organization

Who should watch:

  • Finance: CFO, VP of Finance, Controller
  • Procurement: Chief Procurement Officer (CPO), VP and Director of Sourcing, Procurement Manager
  • Operations: COO, VP of Operations

Baker Tilly presenters:

  • Cameron Reid, Senior Manager – Sourcing practice leader

For more information on this topic, or to learn how Baker Tilly specialists can help, contact our team.

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Now, next and beyond: Banking in the COVID-19 environment