- Tags : Strategic Sourcing
Benefits of a Strategic Approach to Procurement
In today’s competitive business environment, procurement departments are being challenged to do more with less and find creative ways to cut costs, mitigate risk, improve the quality of contracts and serve internal customers faster.
Recently, sourcing professionals have turned their eyes toward strategically sourcing indirect products to contribute to the achievement of the organization’s business goals. Developing long-term plans for sourcing them has proven to be a rewarding effort.