Finding New Values Through Strategic Sourcing
Author:
Charles C. Poirier and Ron JohnsonSummary:
Strategic Sourcing taps into the resources of the key suppliers. Working in collaboration with the buyer’s new product development personnel can benefit by leveraging the supplier’s R&D investment. Leading companies are reducing their R&D budget by transferring development to strategic suppliers. Strategic Sourcing also allows procurement organizations to build upon previous successful initiatives while entering into strategic activities and non-traditional areas of spend.
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