UNDERSTANDING THE IMPORTANCE OF STRATEGIC SOURCING

Sourcing is a key component of your Supply Chain - perhaps the most important part. As companies are navigating an increasingly turbulent yet robust economic climate, business in manufacturing, homebuilding, and other industries are looking for ways to reduce raw material procurement spending and offset rising material costs. Faced with these challenges and demand outstripping capacity, purchasers feel an increased need for stronger vendor relationships.

That’s where Strategic Sourcing comes into play. By overhauling sourcing frameworks and opting for an integrated approach, enterprises can foster closer vendor relationships, reduce the total cost of ownership, and lay the groundwork for sustainable success.

• Identifying key sourcing deficiencies
• Deploying the USCCG procurement philosophy
• Addressing spend management
• Putting plans into place
• Embracing continuous change
• Reaping the rewards
• Moving forward with strategic sourcing