BASICS OF STRATEGIC SOURCING

Selvan Athishtaraj V

Hun 2020 · Notion Press

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This book is an outline for identifying potential vendors, conducting negotiations and engaging purchasing agreements to provide goods and/or services that meet procurement needs. In the course of time the role and character of purchasing has been changing constantly. Traditionally, purchasing was seen as merely a supportive and supplementary operational activity with little significance on a firm’s performance.
This approach however conveys a rather reactive strategy of purchasing where the focus is on transactions rather than on relations and also more on an operational or tactical level rather than on a strategic one. Market trends with respect to price and quality as well as global and local trends are emphasized in this book which gives more sense in the sourcing and procurement activities. This book also explains about listing down the category to analyse the money spend on manufacturing activities.

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V Selvan Athishtaraj did his graduation in Engineering and post-graduation in Business Management. He has rich experience in sourcing, procurement and vendor development in supply chain. He has worked in various types of industries including switch gear, infrastructure, automobile and machinery manufacturing. He has hands-on procurement experience in castings, forgings, fabrication, sheet metals and catalogue parts. His suggestions and expertise helped in cost-saving by upto 22% and also in increasing productivity by 25% He continues to create and be involved in provocative projects in the field of sourcing and supply chain. His articles on SCM and sourcing are published in various reviews and journals. The recently published article on Sourcing Portfolio in Research Gate got quite a good response from the readers.