Inventory Management Risk Management Strategic Sourcing Supply Chain Management 
IBM Services
FEBRUARY 13, 2024
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.
Planergy Software
JANUARY 20, 2022
How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. The Benefits of Localized Supply Chain. Sourcing Supply Chain Management. Supply chain and risk management has forever changed as a result. Written by.
Obobo
MARCH 23, 2023
Finally, long-term strategies may include the development of partnerships with suppliers and even the implementation of strategic sourcing. Overall, these 11 cost reduction strategies in procurement demonstrate that companies can significantly reduce costs and maintain profitability with the right procurement management practices.
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