Effective Sourcing and Procurement Management
The key to success in supply chain is the ability to source and procure the right raw materials, at the right time, price and location.
A strategic sourcing approach allow procurement professionals to consolidate their purchasing power in securing the best value available in the marketplace.
The goal of having an effective sourcing strategy is to find the perfect balance between quality and affordability while always managing the risks.
Here are 5 key pillars in developing an effective sourcing strategy:
1. Value for money
2. Open and effective competition
3. Ethics and fair dealing
4. Accountability and reporting
To learn more about smart sourcing strategies, sourcing planning and effective procurement skills, email inquiries to: email@example.com