Abstract
This Manufacturing Insights report highlights the increasing importance of
strategic sourcing and supply risk management in today' s manufacturing
environment. The report highlights the increasing importance of strategic
sourcing business processes, supporting information technology tools, and
managed services for delivering measurable results to today' s manufacturing
strategic agenda. Strategic sourcing will continue to be a critical function
for manufacturers in laying the foundation for a more intelligent, agile supply
chain.
"Strategic sourcing decisions can be the difference between success or failure
in the global market. Many manufacturers need to be in a perpetual state of
strategic sourcing - evaluating, rationalizing, and building strategic
relationships with key suppliers to reduce costs, broaden supplier
capabilities, and/or build strategic alliances for joint product development."
- Bob Ferrari, program director, Global Supply Chain Strategies Research
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