Management

Strategic Sourcing in the New Economy

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The metaphor of dwarfs standing on the shoulders of giants
expresses the meaning of discovering truth by building on previous
discoveries. Although it is originally attributed to Bernard
of Chartres in the twelfth century, Isaac Newton popularized the concept
in 1676.
The concept is as relevant for us today as it was for Newton in
the seventeenth century. Since the early 1980s, pioneering individuals
and companies such as Peter Kraljic, Michael Porter, and A.T.
Kearney have pushed procurement professionals to think more strategically
about the art and science of strategic sourcing. Thankfully,
thousands of individuals and organizations around the world have
responded, embracing concepts such as the Kraljic Matrix, Porter’s
Five Forces model, and A.T. Kearney’s popular seven-step framework
for strategic sourcing. Procurement organizations would not be where
they are now without the insight (and tools) from these big thinkers.
The procurement profession slowly evolved from one of a clerical buy
desk to a full-fledged function that more and more has a seat at the
C-suite table.

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Call Number

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Publisher

: ., 2016

Collation

1-452

Language

English

ISBN/ISSN

978-1-137-55220-4

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NONE

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Edition

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Subject(s)

Strategic Sourcing in the New Economy

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