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What are the different types of sourcing?

IBM Services

Sourcing isn’t just a concern for procurement teams. The sourcing process sits within supply chain management and is used for identifying, vetting and selecting the best suppliers. The sourcing process sits within supply chain management and is used for identifying, vetting and selecting the best suppliers.

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5 Advantages of Overseas Manufacturing

SourcX

Low Labor Costs. The low labor costs associated with manufacturing overseas might be the most obvious advantage, and the most important. By manufacturing in countries like China, India, Vietnam, Bangladesh, and the Philippines, companies gain access to a low cost labor market that can save them a lot of money.

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Pareto Analysis in Procurement: How To Use Spend Analysis To Cut Costs

Planergy Software

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. This principle essentially states that roughly 80% of outcomes are determined by 20% of causes for many events. How to gain visibility and control of your indirect spend. How to Conduct Your Own Analysis?