Take Your Time in Sourcing to Build a Strong Supply Chain

Ongoing disruptions have highlighted the importance of suppliers to the success of the entire supply chain. If these relationships are not built on the right foundation, the entire supply chain is weaker as a result. While organizations need to get to market as quickly as possible with the right supplier, organizations also need to do their due diligence to ensure that they find a reliable supplier and structure the relationship appropriately. 

This article looks at the strategic sourcing process to see why there is truly no one-size-fits-all model for selecting a supplier and examines some important considerations and cycle time measures.