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As organizations retool their supply chains for 2021, they have an opportunity to revisit their sourcing to put in place the structure and organization to drive the best outcomes, by following these five key steps for strategic sourcing success. Evaluate, collect data and build a strategy. The first step starts with embarking on a disciplined ...


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In many industries the balance of power has dramatically shifted from buyers to suppliers. A classic example comes from the railway industry. In 1900 North America had 35 suppliers of cast rail ...



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Supplier selection is an important process that sets a foundation for a long-term business-to-business partnership with suppliers that can greatly contribute to the success or failure of a business. Guaranteeing supplier quality also makes for an agile supply chain for your business where disruption is at least minimized, if not totally eliminated.


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