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.

Strategic Sourcing 86

Strategic Sourcing Sourcing Supply Chain Management Inventory Management 86

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. Resilient supply chains implement capacity and inventory buffers. Download Free Copy.

Supply Chain Management 52

Supply Chain Management Manufacturing Sourcing Retail 52

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.

Reduced Costs 52

Reduced Costs Inventory Management Automation Sourcing 52

Planergy Software

APRIL 5, 2022

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Supply Chain Decisions: Skills and Best Practices. Process & Procedures Sourcing Supply Chain Management. The strategic level addresses the big picture and general decisions.

Supply Chain Management 52

Supply Chain Management Manufacturing Sourcing Management 52