Why Is Strategic Sourcing Important?
The economy is global. Doing business in the global economy is competitive, complex, and sometimes chaotic. Product and materials sourcing is a constant struggle. Your carefully constructed supply chain is under duress. Political volatility, the forces of nature, and emerging threats can disrupt it. Is your sourcing system stable enough to hold up to today's risks? Can your supply chain weather the storm? Effective strategic sourcing can give your company the edge over your competition. Here's how using it to build reliable sources helps your business hold up to the chaos. What Is Strategic Sourcing? From raw materials to stocking shelves, [...]