Source More With Less“Do more with less,” is probably the most common and constant refrain in today’s business world. It has become the mantra for all companies and industries. Executive management has directed the lower levels of management to live by it and find ways to implement it. Managers, in turn, have made it a focus of all of their tactical planning. As a consequence, all areas of the business have been affected; they must reduce their costs and support an increased level of activity with the same or fewer resources. Procurement and purchasing have been at the center of this drive as the chief stewards of company spending. Managers in purchasing fight this battle on two fronts: reducing the cost of the materials, supplies, and services purchased by their companies and increasing the efficiency of their own departments. In essence, they must be able to continually reduce the amount paid to vendors with the same or shrinking resources in terms of personnel and infrastructure. New methods are sorely needed to address both simultaneously. Strategic Sourcing combines new technologies in IT and the Internet with a systematized approach that allows even the smallest companies to expertly “Do more with less.” Learn the benefits of strategic sourcing.
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