What is Strategic Sourcing?

What is Strategic Sourcing?

Strategic sourcing is the process that identifies the spending profile of a business and its suppliers. It constantly re-evaluates and enhances business procurement activities. Strategic sourcing intends to achieve the lowest Total Cost of Ownership along with minimal...
Supplier Evaluation Steps

Supplier Evaluation Steps

Supplier evaluation represents one of the most critical analyses in a company to remain competitive, especially in times like now when markets are changing very fast. Following are the important steps for Supplier Evaluation. Define Requirements – Suppliers’...
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