How Can You Make Strategic Sourcing Strategic?

Strategic sourcing is not just another term for “beat up your suppliers.” In fact, when fully and properly deployed, the goal of strategic sourcing is competitive advantage first, cost considerations second. Yet in many corporations, strategic sourcing simply equates to getting the best price at any cost. An unrelenting focus on numbers sidelines the pursuit of strategic advantage. This kind of misguided strategic sourcing preempts taking advantage of a true strategic approach.

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Contributing Authors: John Domokos and Bennett McClellan