Where can sourcing ’ s value be seen ? Stoije says that sourcing is about multidimensional value creation : “ Value can be seen from a cost perspective , from a supplier insights perspective , but also from a business growth and increased profitability perspective . Sourcing has strong knowledge in so many different areas . It is vital for an organisation to harness the function ’ s capabilities in these areas .”
Beyond the value of cost reduction , Stoije says sourcing also looks to create value by bringing in new technologies .
“ It ’ s about how to improve the function ,” she says . “ How can we further use external input in our own product development so that we can continue on our journey to becoming a fully digital bank offering simple , fair , and affordable financing for the many .”