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4 strategic sourcing use cases to strengthen your supply chain

IBM Supply Chain Blog

In this age of supply chain disruptions that hold the power to upend entire industries, strength and resilience across the entire value chain is no longer a nice-to-have—it’s a survival tactic. Where tactical sourcing is a short-term strategy, strategic sourcing is for long-term business goals.

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Inventories pile up as customers buy less

Strategic Sourceror

Product shortages were a common sight throughout much of the country, due in part to supply chain bottlenecks, so stocking up wherever possible made sense. Sales have also tempered for big box giants like Target and Walmart. In response, their respective inventories have swelled. Brought to you by the StrategicSourceror.

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Budgeting Process: Steps and Best Practices for Planning a Budget

Planergy

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Changes in Business Operations Significant changes in your business operations, such as new product launches, acquisitions, or changes in your supply chain, can impact your budget projections.

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Horizontal vs. Vertical Integration: A Comprehensive Guide

Planergy

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Vertical Integration: By taking control of different stages of the production or distribution process, businesses can gain supply chain control, reduce costs, increase efficiency, and differentiate their products and services.