The role of sourcing and procurement within strategic supply chain management

Technically, sourcing and procuring are different sides of the same coin. Sourcing refers to the practice and skill of being able to track down sources of supply. Procurement refers to taking those sources of supply that have been identified as being purposefully advantageous in theory, and molding them into realizable sources of supply that are deliverable advantageous in real terms. […]

by · March 3, 2015 · Procurement