Do you remember when cell phones didn’t have cameras? It feels so natural now that it’s hard to remember how revolutionary the idea was, but one day the two came together and that industry was never the same again.
Something similar is happening in direct procurement right now. You might know about software that digitizes your procurement process, but the software that enhances and extends your procurement process in ways you didn’t know were possible is the software shaping the next evolution of the function.
Design-to-source procurement isn’t just the future; it’s the present for top companies relying on the latest technology to stay ahead.
Defining Design-to-Source Procurement
To put it simply, design-to-source capabilities extend your direct procurement process upstream to bridge the gap between product design and sourcing teams.
This earlier starting point means introducing design thinking into the procurement process while engineers working on new product designs or new product introductions are likewise equipped with sourcing intelligence during their tasks. The goal of design-to-source is to eliminate the silos that come from traditional procurement models, empowering people and processes with information, visibility, and collaboration earlier in the workflow.
Read the complete blog at Samsung SDS.
