Strategic Sourcing

Strategic Sourcing Process: Step-by-Step Breakdown

Posted on by Hemlata Maheshwari by in Strategic Sourcing
Strategic Sourcing Process Step-by-Step Breakdown

Perfect strategic sourcing plan into procurement processes can lead you to minimize the cost, help in selecting the potential supplier, and help the business in the long run. Then, where is the lack? In the process.  In this blog post, you will understand the strategic sourcing process and step-by-step approach from beginning to end. This […]

What is Strategic Sourcing?

Posted on by Hemlata Maheshwari by in Bid Management, Strategic Sourcing
What is Strategic Sourcing?

Walmart planned to change the way to buys products by removing the middleman and started working directly with suppliers. Their objective was to reduce the cost and make their supply chain worldwide.   This smart shift of Walmart saved a lot of their money up to 15% in supply chain costs. By managing buying centrally […]