Strategic Sourcing

Strategic Sourcing: A book that emphasizes on the sourcing function of an organization. Organizations business in recent days have been very competitive and hence the objective of the business starts at the point of sourcing of goods. The objective of sourcing need not be only buying goods at right time, but also think about the quality, cost, logistics, development and management. It should be a contributor in improving the market share of the business. As the customer lifetime value is the most important aspect of the organization and hence to deliver the goods to the production department at the right time is very important. This book covers the sourcing with an automobile company in India, which is catering more transport than the Indian Railways. Strategies implemented in the sourcing, studying feasibility of vendors and ranking of vendors, and how statistical concepts will improve the sourcing.