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Category management is much more than strategic sourcing

Future Purchasing

Areas to consider would include current performance issues, current and future business requirements, current and future spend, cost structures, suppliers, supply markets, supply chains, technology roadmaps etc. Data gathering focuses on spend analysis and supply market research. Further reading.

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Strategic sourcing: Improve your buying power

TYA Suite

What is strategic sourcing and how does it work? Strategic sourcing is a method used by businesses to buy goods and services in a way that focuses on long-term value, not just short-term savings. Unlike traditional sourcing, which usually aims to find the lowest cost option and looks at the bigger picture.

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What Exactly Is Procurement? And What is Purchasing?

Supply Chain Game Changer

Check out What Exactly Is Supply Chain Management? His job involved buying, negotiating, contracts, overseas travel, sourcing, suppliers, parts, services, managing, supplier qualification, product qualification, terms and conditions, quality issues and delivery problems. Subscribe Here! Email Address. 10 Different Definitions!