Take the Cognitive Sourcing Maturity Assessment 2018-12-19T05:21:10+00:00

Take the Cognitive Sourcing Maturity Assessment

Cognitive Sourcing technologies have expanded the realm of what’s possible in Direct Materials Sourcing. Our Maturity Model reflects the new future.

Take the Assessment

What is Cognitive Sourcing?

Cognitive technologies are about augmenting human intelligence and decision making. They assist, extend, accelerate and amplify performance by simulating thought processes and mimicking the way the human brain works. Over time, the more information cognitive applications are exposed to, the more accurate and valuable their recommendations and insights become. Cognitive Sourcing is the application of cognitive technologies that are purpose-built for use by sourcing and procurement professionals.

The Cognitive Sourcing Maturity Model

The Cognitive Sourcing Maturity Model incorporates traditional sourcing models and then extends further to capture what early adopters have achieved using Cognitive Sourcing Platforms. The model identifies five dimensions of organizational performance across five levels of maturity.

The Cognitive Sourcing Maturity Assessment takes just a few minutes to complete, and immediately shows how your responses compare to other enterprise companies.

balanced

Sourcing Strategy

Effective sourcing means balancing quality, reliability, lead times, price, and other factors.

organisation

Organization

Organizational structure is key to driving the behavior and effectiveness of sourcing professionals.

decision

Sources of Insight

The ability to access, synthesize, and leverage sources of insight to make decisions is a critical dimension of sourcing maturity.

systems

Systems

Systems enable and support the processes that achieve sourcing goals.

supplier engagement

Supplier Engagement

To become a customer of choice, organizations must continuously engage with suppliers.

In our experience:

  • Cognitive Sourcing can shrink the sourcing cycle time to as little as four days from an average of a month.
  • Leveraging a cognitive sourcing platform can allow an organization to scale strategic coverage to at least 80% of suppliers related spend on an annual basis.
  • Adopting a Cognitive Sourcing approach typically results in 10-30% incremental cost savings within a year.

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