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Market UpdateStrategic Sourcing Challenges in the Public SectorLarge private sector enterprises as diverse as IBM, Toyota, WalMart and Dell actively embrace the concepts of supply chain management to outsource all non-essential activities, transforming them from fixed to variable costs. A core concept in supply chain management is Strategic Sourcing. Described by The Economist as the new face of purchasing, it involves rationalizing requirements by category across the enterprise and developing strategic alliances with key suppliers to increase efficiencies and drive down costs for both the buyer and seller. Register now to read the full article! |
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