And they are definitely NOT interchangeable, as per a recent article by Paul Martyn (the Sourcing Optimization Grand Master) on LinkedIn.
As per his article,
- sourcing is strategic
- procurement is transactional
And this is why they are not only not the same, as per Paul’s article, but not interchangeable.
In the age of AI (Hype), this is distinction becomes doubly important!
As technology advances rapidly, humans become less and less important in Procurement as rapid advances in automation allow more and more of the tactical process to be completely automated (as ARPA allows exceptions to be learned and future manual intervention requirements to be eliminated) but more and more important in sourcing as Gen-AI repeatedly proves just how Astonishingly Inept modern Artificial Idiocy is.
Many will argue that sourcing is tactical because modern software can assemble RFXs from existing specs, automatically select suppliers from your SXM and/or ERP, automatically distribute them, automatically validate the returned RFXs, eliminate vendors who don’t meet absolute requirements, analyze the responses against market data for validity, build and execute multi-objective models, and recommend and award. And while that certainly sounds like sourcing, it’s not. It is sourcing execution. The tactical part that has to be done to support the strategic, but NOT the strategic.
The strategic is creating the specs, identifying the real organizational requirements, determining the requirements for supplier inclusion, validating the suppliers, determining the proper (multi-round) event type, validating the generated RFXs, analyzing the responses for hidden risks and traps and idiosyncrasies, defining the right trade-off models, selecting and modifying the right award scenario, overseeing the negotiation, etc. Every part of the process that requires an actual decision with Human Intelligence.
This is because, as Paul points out, a dumb machine doesn’t understand:
- lowest cost vs resilience
- incumbent vs challenger
- standardization vs innovation
- savings vs service
- global leverage vs local agility
Or any other trade-off that can’t be completely quantified and captured in fail-safe rules.
Systems can, and should, support all tactical bit-pushing — especially since we were promised they would do so over 40 years ago when the big push was made for every person and business to adopt them — but, like IBM said in 1979, a computer should never (EVER) make a decision. And that most definitely includes Sourcing decisions!
