Strategic sourcing skills play an important role in the cost structure and competitiveness of small and large businesses. These skills involve analyzing high-volume purchases and developing long-term ...

Category management is not just a new name for strategic sourcing. Rather, strategic sourcing is one of the tools used by category teams to manage procurement expenditure to achieve mission value.

For years, “sourcing” has been just another word for procurement—a financially material, but strategically peripheral, corporate function. Now, globalization, aided by rapid technology innovation, is ...

Companies continue to wring costs in the lean times that are upon us, and procurement groups are under the gun to optimize. But a new breed of strategic sourcing may be necessary before businesses can ...

The concept of strategic sourcing can mean different things to different people, but essentially it is a more comprehensive, researched, planned and measured approach to procurement. As governments at ...

Affinity's Co-Founder, Ray Zhou, wants to bring relationship intelligence to the world because every opportunity begins with a relationship. Venture capital (VC) deal-sourcing today is tough, and a ...

After an audit found that agencies have made very little use of strategic sourcing, DOD and other agencies point to some reforms, pledge to make more. An audit that concluded agencies have made very ...

There are a variety of reasons for executives today to question the practice of global sourcing, but it always seems to come back to one word -- quality. Valid reasons or not, many of them are ...

Early in the course of a product design and manufacturing organization's strategic sourcing project it is common to have a kickoff meeting that includes the engineering team. It is the opportunity for ...

Earlier this quarter, Mondelez International experienced financial pressures as rising cocoa prices, driven by crop yield concerns in West Africa, affected one of its key input costs. In response to ...