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'''Sourcing advisory''' is the use of third-party (external entity) adviseadvice during the sourcing process. As such, it may refer to adviseadvice sought during [[outsourcing]], [[offshoring]] or [[global sourcing]]. Advisors can be independent consultants or management consulting firms. <ref>[http://www.forrester.com/Research/Document/Excerpt/0,7211,40655,00.html Overview of outsourcing advisory firms, Forrester Group]</ref>
 
==Sourcing advisors==
Given the strategic nature of the advisory and the prevalence of [[Global sourcing|sourcing]] amongst global organizations, most [[management consulting]] firms today offer sourcing advisory services. In addition, there exist a host of specialized [[Sourcingsourcing Advisoryadvisory Firms]]firms that focus on providing sourcing advisory and research inputs to the industry.{{Citation needed|date=JulySourcing 2009}}advisors can also be independent freelance consultants.
 
In recent years software tools to automate sourcing advisory emerged. Building on [[Software as a Service]] (SaaS), the trade mark "Sourcing Advisory as a Service" (SAaaS) is used in the market.<ref>[http://www.plixos.com/en/it-outsourcing-services/saaas-sourcing-advisory-as-a-service "SAaaS - Automation in Sourcing Advisory"]</ref>
 
==Services==
The range of services provided by sourcing advisory firms include:<ref>[http://www.globusresearch.com/services-sourcing.aspx Services Sourcing: Outsourcing and Offshoring (www.globusresearch.com)]</ref>
* Helping buyers identify functions to be outsourced or offshored (sourcing opportunity areas, shoring strategy)
* Helping buyers identify and evaluate capable suppliers (provider selection <ref>[https://www.resiport.com Software Outsourcing Advisory as a Service]</ref>)
* Advising buyers through stages of the [[outsourcing]] transaction
* Helping buyers manage established [[outsourcing]] relationships (in issues such as [[governance]] and [[change management]]); improve sourcing contracts
* Helping buyers re-negotiate or renew transactions
* Support escalation management
* Execution of operational audits with the aim of project recovery
* Research relevant to the sourcing industry
 
==See also==
* [[Management consulting]]
* [[Sourcing Advisory Firms]]
* [[Outsourcing]]
* [[Offshoring]]
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[[Category:Offshoring|*]]
[[Category:Offshore finance]]
[[Category:Legal entities]]
[[Category:Business terms]]
[[Category:Outsourcing]]
[[Category:International economicsbusiness]]