For firms facing increasingly shorter product life cycles, globally extended
supply chains, volatile demand patterns, and an increased awareness of supply
chain risks, supply chain agility provides tremendous opportunities.
As management reflect on how to become more agile, this is also a time for
examining procurement's role. Our work with numerous companies from a variety
of industries suggests that there is a clear role that procurement can have on
creating a more agile supply chain. The key to this is strategic sourcing, a
practice many companies are not yet getting the most out of.
Over a five part series of articles, Dr. Canan Kocabasoglu Hillmer examines
what stategic sourcing entails and how companies can become more agile through