Strategic Sourcing Engagement to Accomplish Significant Cost Reduction – A Case Study on the Semiconductor Industry

Strategic Sourcing Engagement to Accomplish Significant Cost Reduction – A Case Study on the Semiconductor Industry

Benefits of Strategic Sourcing: Strategic sourcing helps procurement officials to fulfill their dual roles pertaining to cost management and supply management. This is possible because strategic sourcing adopts a proactive approach to procurement rather than a reactionary or fulfillment approach.  It also acts as a key driver for efficiency by formalizing the way spend data […]

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