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Strategic Sourcing: Concepts, Principles and Methodology

  • Sathit Parniangtong
Chapter
  • 2.3k Downloads
Part of the Management for Professionals book series (MANAGPROF)

Abstract

To successfully implement strategic sourcing, companies must know their most important goods and services and determine how vital they are to day-to-day operations, as well as to achieving longer-term business goals. Strategic sourcing takes on a new approach of collaboration of constituents across supply chain to better serve downstream customers that would result in enhancing longer-term profit enhancement. This chapter outlines strategic sourcing concepts, principles and methodology for executing the sourcing strategy.

Keywords

Sourcing methodology Procurement operations Collaborative approach Expenditure category Total cost of ownership 

Copyright information

© Springer Science+Business Media Singapore 2016

Authors and Affiliations

  • Sathit Parniangtong
    • 1
  1. 1.CMBT Strategy and Management ConsultingBangkokThailand

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