Strategic Sourcing is the process by which organizations determine how to access the right IT and business capability at the right cost.  Sourcing must be managed effectively across the four key dimensions of management, resources, services and business processes.

Outsourcing of IT or business processes is just one option of sourcing strategies, often unleashing tremendous value. Therefore IT outsourcing services are forecasted to become increasingly important with 10% compound annual growth rate (CAGR) over this period compared to a 6% CAGR for overall IT spending.

With Strategic Sourcing, Bain can enable clients to ensure sourcing decisions are based on business strategy and to help setup sourcing agreements to deliver value now and flexibility for the future.

To find out more about Bain's work in this capability area, please contact the practice.

Related capability: Read about Bain's expertise in capability sourcing.