Supply Chain Management Publications & Media
Supply Chain Management
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Strategic sourcing of non-core products - a treasure waiting to be discovered
Strategic sourcing is a management process used to systematically assess purchasing requirements across a company and identify opportunities, both internal and external, for total cost reductions. This process is widely practised within organisations that require large volumes of raw materials to effect their manufacturing operations. This is normally the largest component of cost of sales and enjoys executive focus to drive costs down.
Clearing and Forwarding
Clearly not that straight forward!
Organisations that use import and export as a primary channel of supply and distribution know that clearing and forwarding constitute a major expense item in this process. A large portion of spend in this category includes landside costs, customs examination, duty and VAT, which sadly are not very controllable. However, freight, forex, haulage, storage (port and depot) and agency fees do leave some room for manoeuvring.