The strategic sourcing value chain diversifies the growth portfolio of companies. Leadership thought is focused on the strategic procurement in a holistic way. Strategic sourcing is about making smart dollars, growing innovative solutions and reaching maturity in cost reduction.
Strategic business sourcing, a transformational business philosophy promising to better the cost position as well as the strategic market position of companies, goes beyond cost savings. The traditional sourcing methodologies are re-engineered to benefit businesses with constant outsourcing, contracting, purchasing and development needs. Sourcing is instrumental to a firm’s value chain; at least it should because there is new methodology described as ‘Business Procurement’. This idea is challenged by the origin of sourcing and driven by the need to apply holistic management models to deliver best value sourcing solutions to secure the future of your business.