Over the past two decades, the main mission of procurement has expanded from cost maintenance and supply assurance to decision making and customer service, with supply chain management and analytics ...

Regional sourcing, multiple suppliers, and smart contracts are reshaping how the construction industry handles supply chain ...

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 ...

KANSAS CITY — Tariffs and poor crops are stressing supply chains, making it riskier to source raw materials solely from a single geographic area. Maneuvering quickly and wisely may help save on input ...

STAMFORD, Conn.--(BUSINESS WIRE)--New, holistic sourcing strategies can help reduce the cost of digital business initiatives by up to 40 percent compared with traditional approaches, say experts with ...

Selecting the best companies to source supplies from can be a stressful task. The goal is to get the best product at the lowest price, but you may only get the lowest price if you agree to give one ...

For import-dependent businesses, relying solely on low-cost, single-source suppliers is no longer a viable strategy, it exposes them to risks that can disrupt operations, inflate costs, and damage ...

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.

Environmental sustainability objectives have rapidly become a top CEO priority. Achieving these objectives requires a shared responsibility approach: responsible use by organizations, coupled with ...

When it comes to global manufacturing and sourcing strategies, the coronavirus pandemic has amplified and accelerated a number of trends that were already well underway before it began. Original ...

Many organizations today are looking to technology talent pools in India, China and other developing nations as a way to cut costs. But for all of the hype associated with global sourcing, many ...

We all know Ward Cunningham’s definition of tech debt in software terms. However, in the modern age, technical debt goes beyond just software and coding strategies. The root of it stems from business ...