Optimizing the Supply Chain by Aligning the Planning and Sourcing Function
Accurate financial planning and disciplined spending are hallmarks of successful businesses. They’re also perpetual challenges for the planning and sourcing teams, which often find it difficult to easily collaborate using a shared set of data. In October 2022, Harvard Business Review Analytic Services conducted a global survey of 536 members of the Harvard Business Review audience who are familiar with their organization’s financial planning and procurement/sourcing activities and whose organizations’ two functions operate in separate departments. The survey finds that while 72% of organizations place a high degree of importance on collaboration between planning and sourcing, only 36% say those two functions are highly collaborative.