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 ...

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 ...

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 ...

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 ...

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 ...

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 ...

After several tumultuous years of pandemic-driven supply chain disruptions, many businesses report that the tide is beginning to turn. Although significant uncertainty remains, price increases have ...

Compliance is not strategic. Following regulations is, of course, necessary. But it does not put bread on the table. I’m currently completing a study of the global trade compliance (GTC) solution ...

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 ...