Value-Chain Report -- Leading Practices In Strategic Sourcing
- Topics:
- Growth
- Tags:
- Business Operations,
- Channel Management,
- Management,
- Marketing,
- Purchasing & Procurement,
- Sourcing,
- Strategic Sourcing,
- Strategy,
- Supplier
- Source:
- Penton Media
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Overview: In the quest to develop ever more efficient supply chains, many manufacturers, distributors, retailers, governmental agencies, and other entities are turning their attention to their supplier network. These firms recognize that, in many cases, a large percentage of their cost of sales resides in the cost of purchased materials and services. They also recognize that any savings that can be achieved through improved sourcing practices will likely result in almost a one-for-one improvement in profitability. The paper discusses the sourcing and contract management which includes processes such as supplier selection, commodity sourcing, and contract negotiation. It also includes specification management typically includes processes such as design management, component/product standardization, cost management, and performance.
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Format: HTML | Date: Jan 2001 | Pages: 1
