Strategic Sourcing is not about utilizing the services of a low-cost service provider in a different geographic location with a different currency. It is about finding a supplier who can contribute to the existing value chain by adding to the enterprise value of the consumer. It also involves eliminating the idiosyncratic risk and hedging the systemic risk associated with an IT project.
TechStrategyLabs has created predictive analytics models that use socio-macroeconomic, industry and specific factors pertinent to clients in order to identify and measure the impact of a sourcing decision. These models help provide recommendations for the best sourcing-mix to maximize value and minimize risk.