Sourcing

Reactive and strategic sourcing approaches are not mutually exclusive, however, strategic approaches are preferable because of their inherent ability to maximise value (Bullen et al., 2010)

Information about Sourcing

Sourcing is a critical activity that commands increasing attention as managing supply chains becomes more complex (Trautmann et al., 2009). It is used at both tactical and strategic levels and is concerned with what needs to be purchased (product/service), in what quantities, for what purpose and where (domestically/from a foreign supplier)(CIPS: Developing and implementing a strategic sourcing strategy; Owens et al., 1998; Hinkelman, 2008).

Major approaches to sourcing include reactive, tactical and strategic sourcing (Owens et al., 1998; van Weele, 2010).

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