Sourcing & Supplier Management

Sourcing and Supplier Management in Supply Chain Management involves finding and selecting suppliers to provide the goods and services a company needs. This process includes negotiating contracts, ensuring quality and reliability, and building strong relationships with suppliers. Effective sourcing helps reduce costs and improve efficiency, while good supplier management ensures that these partners meet their commitments, maintain standards, and adapt to changes. Ultimately, this process is crucial for maintaining a smooth flow of products, enhancing competitiveness, and ensuring customer satisfaction.