What are some common challenges in applying strategic sourcing pr

Some common challenges in applying strategic sourcing principles to procurement include lack of understanding of the strategic sourcing process, resistance to change, and lack of appropriate technology. These can be overcome by providing adequate training and education, promoting a culture of change and innovation, and investing in the right technology solutions.

Question was asked on:

Procurement and sourcing are two related, but different terms that are often used interchangeably. The main difference between them is that sourcing concentrates on direct goods and services and procurement deals with indirect goods and services. EPS News suggests this seven-step model for applying strategic sourcing principles to modern procurement:

Asked on the following presentation:

Procurement and Strategic Sourcing

The procurement process can be tough to handle. Use our Procurement and Strategic Sourcing presentation to develop the action plan you need to achieve...

download

Download 11 out of 30 slides