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Strategic Sourcing: Concepts, Principles and Methodology

In: Supply Management

Author

Listed:
  • Sathit Parniangtong

    (CMBT Strategy and Management Consulting)

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.

Suggested Citation

  • Sathit Parniangtong, 2016. "Strategic Sourcing: Concepts, Principles and Methodology," Management for Professionals, in: Supply Management, chapter 2, pages 5-14, Springer.
    • Handle: RePEc:spr:mgmchp:978-981-10-1723-0_2
    DOI: 10.1007/978-981-10-1723-0_2
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    Cited by:

    1. Nomelif Kemei & Oyaro Jackson Ong’eta & Biru Sara & Omondi Richard Mc’Otieno, 2020. "Performance of Procurement Methods and Practices in Faith – Based Organizations in Kenya," International Journal of Research and Scientific Innovation, International Journal of Research and Scientific Innovation (IJRSI), vol. 7(8), pages 116-128, August.

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