Beyond Strategic Sourcing: Strategic Supplier Relationship Management
Charles R. Noland, C.P.M., A.P.P., CPIM
Charles R. Noland, C.P.M., A.P.P., CPIM, President, Procurement Transformations Services, Inc., Walnut Creek CA. 94596, 925.932.0918, ChuckNoland01@aol.com
88th Annual International Conference Proceedings - 2003 - Nashville, TN
Supply management became increasingly important in the last years of the twentieth century with the concurrent rise of strategic sourcing. By 1998 over half of Fortune 500 companies had a strategic sourcing program in place. Centralized purchasing departments were empowered to leverage the entire spend of the organizations. Many firms have reported 15% to 20% annual cost savings and the boardroom is now counting on this contribution to continue. The increase in outsourcing non-core functions continues to expand the sourcing opportunity.