{"version":"1.0","provider_name":"EPIC Translations","provider_url":"https:\/\/dev.epictranslations.com\/fre","author_name":"EPIC","author_url":"https:\/\/dev.epictranslations.com\/fre\/author\/admin\/","title":"Building superior capabilities for strategic sourcing - EPIC Translations","type":"rich","width":600,"height":338,"html":"<blockquote class=\"wp-embedded-content\" data-secret=\"bcP9y6EXiN\"><a href=\"https:\/\/dev.epictranslations.com\/fre\/building-superior-capabilities-for-strategic-sourcing\/\">Building superior capabilities for strategic sourcing<\/a><\/blockquote><iframe sandbox=\"allow-scripts\" security=\"restricted\" src=\"https:\/\/dev.epictranslations.com\/fre\/building-superior-capabilities-for-strategic-sourcing\/embed\/#?secret=bcP9y6EXiN\" width=\"600\" height=\"338\" title=\"\u00ab\u00a0Building superior capabilities for strategic sourcing\u00a0\u00bb &#8212; EPIC Translations\" data-secret=\"bcP9y6EXiN\" frameborder=\"0\" marginwidth=\"0\" marginheight=\"0\" scrolling=\"no\" class=\"wp-embedded-content\"><\/iframe><script>\n\/*! This file is auto-generated *\/\n!function(d,l){\"use strict\";l.querySelector&&d.addEventListener&&\"undefined\"!=typeof URL&&(d.wp=d.wp||{},d.wp.receiveEmbedMessage||(d.wp.receiveEmbedMessage=function(e){var t=e.data;if((t||t.secret||t.message||t.value)&&!\/[^a-zA-Z0-9]\/.test(t.secret)){for(var s,r,n,a=l.querySelectorAll('iframe[data-secret=\"'+t.secret+'\"]'),o=l.querySelectorAll('blockquote[data-secret=\"'+t.secret+'\"]'),c=new RegExp(\"^https?:$\",\"i\"),i=0;i<o.length;i++)o[i].style.display=\"none\";for(i=0;i<a.length;i++)s=a[i],e.source===s.contentWindow&&(s.removeAttribute(\"style\"),\"height\"===t.message?(1e3<(r=parseInt(t.value,10))?r=1e3:~~r<200&&(r=200),s.height=r):\"link\"===t.message&&(r=new URL(s.getAttribute(\"src\")),n=new URL(t.value),c.test(n.protocol))&&n.host===r.host&&l.activeElement===s&&(d.top.location.href=t.value))}},d.addEventListener(\"message\",d.wp.receiveEmbedMessage,!1),l.addEventListener(\"DOMContentLoaded\",function(){for(var e,t,s=l.querySelectorAll(\"iframe.wp-embedded-content\"),r=0;r<s.length;r++)(t=(e=s[r]).getAttribute(\"data-secret\"))||(t=Math.random().toString(36).substring(2,12),e.src+=\"#?secret=\"+t,e.setAttribute(\"data-secret\",t)),e.contentWindow.postMessage({message:\"ready\",secret:t},\"*\")},!1)))}(window,document);\n<\/script>\n","description":"Purchased materials and services often make up 60 to 80 percent of a product\u2019s cost. Companies that don\u2019t invest in the purchasing team\u2019s capabilities are throwing away value. Jack Welch\u00a0once notoriously said that \u201cengineers who can\u2019t add, operators who can\u2019t run their equipment, and accountants who can\u2019t foot numbers become purchasing professionals.\u201d Hyperbole aside, General Electric\u2019s legendary boss was reflecting a common perception: the purchasing function is little more than a necessary evil in business. No surprise, then, that many companies underinvest in the purchasing team\u2019s capabilities and leave sourcing out of strategic decision-making processes in favor of functions, such\u2026","thumbnail_url":"https:\/\/www.mckinsey.com\/~\/media\/McKinsey\/dotcom\/Insights\/Operations\/Building%20superior%20capabilities%20for%20strategic%20sourcing\/ImageIPPurchasingEx1.ashx?mw=510"}