As sourcing is a highly specialized and complex process, many IT and business executives consider hiring a specialized sourcing advisory to support the development of a sourcing strategy, the execution of an insourcing initiative, or the management of an outsourcing transaction. The role that a sourcing advisor plays in the strategy development and orchestration over the sourcing process is vital to achieving the desired business outcomes. Conducting a thorough analysis of sourcing advisory firms is key to finding the best fit firm for your project. This strategy brief discusses how to find the best sourcing advisor that fits your needs.
Mastering MySQL Database Architecture: Deep Dive into MySQL Shell and MySQL R...
How to select the right sourcing advisor
1. In today’s dynamic technology
environment, sourcing is increasingly
utilized as a key component of global
IT service delivery. As sourcing is
a highly specialized and complex
process, many IT and business
executives consider hiring a specialized
sourcing advisory to support the
development of a sourcing strategy,
the execution of an insourcing
initiative, or the management of
an outsourcing transaction.
The role that a sourcing advisor
plays in the strategy development
and orchestration over the sourcing
process is vital to achieving the desired
business outcomes. Conducting
a thorough analysis of sourcing
advisory firms is key to finding
the best fit firm for your project
Developing an RFP is one way to
evaluate capabilities of sourcing
advisory firms to support your project.
There are two key components
of a Sourcing Advisory RFP –
information about your company,
and information that you should
request of all advisory firm bidders.
To break it down we’ve highlighted
some specific recommendations
across both of the dimensions.
Drive Your Business
How to Select the Right
Sourcing Advisor
WGroup | RFP Sourcing Advisor
1
Conducting a
thorough analysis
of sourcing advisory
firms is key to finding
the best fit firm for
your project.
All Advisors are Different - Selection Starts
with the Right RFP
What to share about your
company:
Summarize:
• What your company is trying to
accomplish and why you are doing
this project. Explain your chief
outcomes from sourcing.
• Any recent transformation,
consolidation, and change efforts
impacting your operations.
• Any forecasted transformation,
consolidation, and change efforts in
the 1-2 year horizon.
• At a high level, operations at your
company and which business units
your IT organization supports. Are
global operations covered? Are
foreign entities involved?
• Major software packages, systems,
and applications you utilize
Detail:
• The size/magnitude of your IT
operations (budgets, locations,
employees, and any more granular
information if readily available)
• The scope of IT services that you
want evaluated
• What your infrastructure looks like
(Mainframe, UNIX, Linux, etc…)
• Your network (provider, insourced/
outsourced, domestic/global scope)