Strategic sourcing skills play an important role in the cost structure and competitiveness of small and large businesses. These skills involve analyzing high-volume purchases and developing long-term ...

For years, “sourcing” has been just another word for procurement—a financially material, but strategically peripheral, corporate function. Now, globalization, aided by rapid technology innovation, is ...

The concept of strategic sourcing can mean different things to different people, but essentially it is a more comprehensive, researched, planned and measured approach to procurement. As governments at ...

There are a variety of reasons for executives today to question the practice of global sourcing, but it always seems to come back to one word -- quality. Valid reasons or not, many of them are ...

Early in the course of a product design and manufacturing organization's strategic sourcing project it is common to have a kickoff meeting that includes the engineering team. It is the opportunity for ...

After several tumultuous years of pandemic-driven supply chain disruptions, many businesses report that the tide is beginning to turn. Although significant uncertainty remains, price increases have ...

Over the past two decades, the main mission of procurement has expanded from cost maintenance and supply assurance to decision making and customer service, with supply chain management and analytics ...

After an audit found that agencies have made very little use of strategic sourcing, DOD and other agencies point to some reforms, pledge to make more. An audit that concluded agencies have made very ...

In a business environment fraught with volatility and uncertainty, CPOs and sourcing and supply chain executives confront unprecedented challenges. Companies are reevaluating global supply chains ...

As 2026 reshapes the global trade environment, procurement leaders are facing a new reality: the lowest FOB (Free on Board) price is no longer the ultimate measure of value. With the EU’s Carbon ...