Recent global crises have tested the resilience of traditional supply chains. Short circuits in Operations, disruptions in logistics networks, rising shipping costs and longer lead times have highlighted the need for a more strategic and proactive approach to supply management.
In this in-depth study, prepared by our Knowledge Office, approaches and strategies are shared for:
The strategic approach to Sourcing has become a priority for companies that want to:
✔ Decrease costs Related to the procurement of components and raw materials
✔ Diversify, but also mitigate risk procurement by qualifying internal processes, certifications and supplier performance.
✔ Reduce the distance and delivery time of supplies
This means focusing on thesupply chain optimization through careful analysis and selection of suppliers and go beyond tactical purchasing by incorporating a number of important evaluation factors such as quality, sustainability, and the ability to respond promptly to the needs of a changing market.
Strategic Sourcing involves structured processes such as supplier selection based on:
The ultimate goal is to ensure a robust Supply Chain capable of adapting to changes in the geopolitical and technological environment, thereby contributing to the long-term success of the company.
Download our comprehensive white paper to learn how to implement Lean World Class Procurement® in your company and transform your Supply Chain.
