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4 strategic sourcing use cases to strengthen your supply chain

IBM Supply Chain Blog

FEBRUARY 13, 2024

For sourcing teams, that means pivoting their mindset around selecting suppliers from a tactical, lowest-cost-above-all approach to a strategic one. Where tactical sourcing is a short-term strategy, strategic sourcing is for long-term business goals. And from that group, 71% would pay a premium for it.

Strategic sourcing 79
Strategic sourcing Strategic sourcing Supply Chain Efficiency Supply Chain Optimization 79
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Decoding the Procurement Department: A Comprehensive Guide to Roles and Responsibilities

SCMDOJO

FEBRUARY 13, 2023

Strategic sourcing: Procurement performs a market analysis to identify potential sources of supply and support the organization’s needs. Documenting processes and generating monthly supply cost reports helps in strategic procurement decisions.

Procurement 87
Procurement Chief Procurement Officer supply chain budgeting Supply Chain Efficiency 87
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