Supply Chain Game Changer

NOVEMBER 24, 2018

For his entire career my Father worked in the field of Procurement. But the job titles that he had during his career alternatively included either the word Procurement or the word Purchasing. When I was young I thought I had a somewhat clearer understanding of what my Dad’s Purchasing job was. Procurement.

Purchasing 62

Purchasing Procurement Purchase orders Supply Chain Optimization 62

Future Purchasing

OCTOBER 4, 2022

In contrast, strategic sourcing is the process used by Procurement teams to source products and services for the business. It creates cost efficiencies across spend categories and minimises supply risks through improved supplier selection. Data gathering focuses on spend analysis and supply market research.

Category management 59

Category management Strategic sourcing Strategic sourcing Sourcing 59

TYA Suite

NOVEMBER 25, 2024

In simple terms, strategic-sourcing helps companies make smarter purchasing decisions by focusing on the long-term benefits and working with suppliers that can help them succeed over time. This means looking closely at where the money is going, which products or services are being purchased, and which suppliers are being used.

Strategic sourcing 40

Strategic sourcing Strategic sourcing Sourcing Supply Chain Efficiency 40