Summary
In supply management, supply experts are always under stress to look for ways to increase savings and reduce costs. Managers normally demand more from suppliers apart from attaining the basic cost reductions and savings. In the process, supply experts have turned to using technology and internet tools to develop a strategic sourcing process. However, emphasis and significance is on the strategic sourcing process rather than the use of technological tools. Application of strategic sourcing requires several processes that companies normally apply. The steps in processes could be as between five and fifteen. It normally depends on the organization’s Continue reading...
