Companies across industries are adjusting to volatile market conditions and reduced demand, leading executives to focus on cost reduction. The procurement and supply chain function serves as a key lever for improved cost performance, and many companies have launched initiatives focused on cost optimization.
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in title, tags, annotations or urlDrive Business Value through Improved Procurement - 1 views
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Look Beyond Strategic Sourcing Companies often focus their efforts simply on strategic sourcing, but strategic sourcing alone cannot drive sustainable benefits. A limited focus on strategic sourcing may initially reduce costs for the buyer, but it may not ensure long-term realization of those benefits. More importantly, if executed in a manner where cost is the only focus, strategic sourcing can result in damage to a supplier relationship that may become critical in times of supply constraints. Instead, the focus should be on enhancing long-term value obtained from suppliers rather than on simply finding the lowest price.
Source One - Procurement Service Provider, Strategic Sourcing Services - 0 views
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Strategic Sourcing, Procurement Best Practices, e-Sourcing (visit www.whyabe.com), Project Management, Negotiation, Telecommunications, Logistics, Inventory Management, Purchasing Management and Strategic Planning.
Walmart reveals strategic sourcing deal - 0 views
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