Strategic Sourcing with Professor Douglas Boateng
Another Episode is here!
Join us in the 2nd Edition of our 2-Day Master Class Session.
TOPIC: STRATEGIC SOURCING
The role of the suppliers is gaining importance in supply and value chains. The function of sourcing is now considered as a strategic activity than a tactical one. Sourcing plays a significant role in achieving the objectives of organizations because suppliers contribute more than fifty percent of the product’s value. Organizations are searching for the right suppliers, which not only provide the supplies but also help in other core organizational functions. This would help the organizations to gain a competitive advantage. Thus, supplier selection is one of the critical and complex decisions buyers must make. For gaining these advantages, organizations need to align with the suppliers’ operations.
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