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Remove Offshoring Remove Resource Reallocation Remove Strategic Sourcing Related Topics
Reduced Overhead Inventory Management Labor Costs Risk Management Reduced Costs Right-Sizing Regulations Flexibility Collaborations Sourcing More Related Topics >
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11 Cost Reduction Strategies in Procurement

Obobo

MARCH 23, 2023

Finally, long-term strategies may include the development of partnerships with suppliers and even the implementation of strategic sourcing. Implement strategic sourcing by establishing a long-term plan that balances costs, risks, and benefits. However, offshore sourcing is not without risks.

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