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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. And from that group, 71% would pay a premium for it.

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11 Cost Reduction Strategies in Procurement

Obobo

In this blog post, we are going to examine 11 effective cost reduction strategies in procurement. Finally, long-term strategies may include the development of partnerships with suppliers and even the implementation of strategic sourcing.

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Horizontal vs. Vertical Integration: A Comprehensive Guide

Planergy Software

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. One way businesses can achieve this is through strategic expansion, which often involves either horizontal or vertical integration. How to gain visibility and control of your indirect spend.