The Nine Core Purchasing Strategies

Nine Core Purchasing Strategies: Supplier optimization. Total quality management. Centralized purchasing. Risk management. Global sourcing. Vendor development. Focus on Quality. Continue negotiations. Green purchasing.   The purchasing strategies of a procurement...

Mastering the Cost-Quality Balance in Sourcing

The entire process of product sourcing is very challenging. Businesses are always caught in a tug-of-war between minimizing costs and maximizing quality. Companies must choose between quality and reasonable cost when picking suppliers. Striking a balance between...