Strategic sourcing skills play an important role in the cost structure and competitiveness of small and large businesses. These skills involve analyzing high-volume purchases and developing long-term ...

The concept of strategic sourcing can mean different things to different people, but essentially it is a more comprehensive, researched, planned and measured approach to procurement. As governments at ...

Early in the course of a product design and manufacturing organization's strategic sourcing project it is common to have a kickoff meeting that includes the engineering team. It is the opportunity for ...

After an audit found that agencies have made very little use of strategic sourcing, DOD and other agencies point to some reforms, pledge to make more. An audit that concluded agencies have made very ...

After several tumultuous years of pandemic-driven supply chain disruptions, many businesses report that the tide is beginning to turn. Although significant uncertainty remains, price increases have ...

The sourcing function of the retail enterprise is about much more than selecting vendors and suppliers and managing those relationships. It’s also about realizing value for the business by optimizing ...

Over the past two decades, the main mission of procurement has expanded from cost maintenance and supply assurance to decision making and customer service, with supply chain management and analytics ...

In a business environment fraught with volatility and uncertainty, CPOs and sourcing and supply chain executives confront unprecedented challenges. Companies are reevaluating global supply chains ...

I spend a lot of time connecting with executive supply chain and procurement leaders. Many of these folks are now actively rethinking their strategic sourcing and supply management approaches. Supply ...