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What you need to know about Strategic Sourcing

Sourcing Captain

In today’s hugely competitive global markets, everyone strives to reduce their sourcing costs while still maintaining the quality. Effective sourcing of goods from suppliers is more important today than it was ever before. For this reason, strategic sourcing has become central to every organization’s procurement policy.

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4 strategic sourcing use cases to strengthen your supply chain

IBM Services

For sourcing teams, that means pivoting their mindset around selecting suppliers from a tactical, lowest-cost-above-all approach to a strategic one. Where tactical sourcing is a short-term strategy, strategic sourcing is for long-term business goals.

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Five Factors Transforming the Life Sciences Supply Chain and Creating IT Opportunities | Blog

Everest Group

Supply chain visibility, strategic sourcing, cold chain requirements, sustainability demands, and personalized medicine are creating opportunities in the life sciences supply chain for IT partners delivering digital solutions. Read this first part of our blog series to understand the shift that is underway.

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What are the different types of sourcing?

IBM Services

Here are some of the most common types of sourcing: Outsourcing Outsourcing is using a domestic or foreign third-party to carry out an activity or provide goods or services that are typically provided in house. This is common for manufacturers that wish to sell direct to their customers instead of relying on distributors.

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What is Procurement Consulting and What Do They Do?

SourcX

Increasing numbers of executives see the writing on the wall, and can no longer ignore the fact that sourcing in low cost countries can reduce labor costs and give them access to robust manufacturing facilities. What is Strategic Sourcing? What is Sourcing Optimization? What is Procurement Consulting?

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Is Your Supply Chain ESG Ready? (A SIG Summit 2022 Keynote Review)

SIG Speaks

Rather than just a generalized or conceptual discussion on ESG, these individuals delivered personal and detailed accounts regarding the successful transformation of their supply chains to align with social imperatives and financial objectives. Director Strategic Sourcing (Yahoo Inc) for being on our panel.

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Supply Chain Decisions: Skills and Best Practices

Planergy Software

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. The strategic level addresses the big picture and general decisions. The Importance of Strategic Supply Chain Decision Making Supply chain managers have to make difficult decisions, often fast, using real-time information.