STRATEGIC SOURCING : AN EXPERT CAPTAIN FOR TEMPESTUOUS SEAS
Tarun Bhatia , Head of Global Procurement Practice at Evalueserve , explains why strategic sourcing is critical – and why procurement is doomed without it
WRITTEN BY : ILKHAN OZSEVIM WRITTEN BY : ILKHAN OZSEVIM
Strategic sourcing is a process that formalises the way procurement and supply chain information is gathered and utilised . This enables the organisation to use its resources in the best possible way and align its sourcing strategy to business goals .
“ Sourcing needs to be more strategic now than ever before ,” says Tarun Bhatia , Head of Global Procurement Practice at Evalueserve .
Evalueserve is a global professional services provider offering research , analytics and data management services across a wide range of industries and business functions .
Bhatia says : “ In the current volatile global environment , it ’ s unthinkable to imagine sourcing without a strategy in place . The clear benefits of strategic sourcing are reduced total cost , increased productivity , enhanced planning , and increased digitalisation / automation . ” The unpredictable supply chain is a turbulent
44 March 2023