Strategic Sourcing: Applications to Turn Direct Materials Procurement into a Competitive Advantage

Topics:
Ordering Systems
Tags:
Business Operations,
Competitive Advantage,
Procurement,
Purchasing & Procurement,
Sourcing,
Stephens,
Strategic Sourcing,
Supplier
Source:
Stephens

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Overview: Strategic sourcing applications provide critical decision-support functionality to purchasing departments and decision makers within the supply chain. Strategic sourcing applications aid companies in choosing suppliers, allocating volumes among suppliers, managing supply risk and optimizing the supplier base performance. These solutions replace inflexible spreadsheet solutions and expensive, time consuming consultants with fact-based sourcing decisions. In this report details of the sourcing process and challenges and identify the strategic sourcing application growth drivers and solution providers are provided. Paper also explains how these solutions work, what their economic benefits are, and forecast the market opportunity.

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Format: PDF | Size: 371KB | Date: Jan 2001 | Pages: 75

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