BASICS OF STRATEGIC SOURCING

Download or read book BASICS OF STRATEGIC SOURCING written by Selvan Athishtaraj V and published by Notion Press. This book was released on 2020-06-21 with total page 105 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book is an outline for identifying potential vendors, conducting negotiations and engaging purchasing agreements to provide goods and/or services that meet procurement needs. In the course of time the role and character of purchasing has been changing constantly. Traditionally, purchasing was seen as merely a supportive and supplementary operational activity with little significance on a firm’s performance. This approach however conveys a rather reactive strategy of purchasing where the focus is on transactions rather than on relations and also more on an operational or tactical level rather than on a strategic one. Market trends with respect to price and quality as well as global and local trends are emphasized in this book which gives more sense in the sourcing and procurement activities. This book also explains about listing down the category to analyse the money spend on manufacturing activities.