There are different ways to approach sourcing management, but the approach taken will always be focused on meeting objectives and solving specific needs of each organization. In sourcing there are two fundamental approaches: strategic sourcing and tactical sourcing, differentiated mainly by the type of strategies and actions implemented to achieve a specific objective.
What is strategic sourcing?
Strategic sourcing focuses on the long-term planning and in the creation of alliances with key suppliers. Seeking profitability and value enhancement, corporate alliances are one of the key points in this process.
Some of the benefits of strategic sourcing are cost reduction, continuous improvement and collaboration, so its main strategies are directed to activities such as:
- Market analysis and supplier evaluation.
- Negotiation of long-term contracts.
- Development of strategic relationships with suppliers.
- Continuous evaluation of supplier performance.
- Implementation of sustainability strategies.
What is the focus of tactical sourcing?
On the other hand, tactical sourcing is the actions and strategies focused on immediate or short-term objectives or needs. In other words, it is the execution of strategies defined in strategic sourcing with less complex and day-to-day actions with the objective of complying and aligning with the actions set out in the long term.
Some benefits of tactical sourcing are related to operational efficiency, conflict resolution, compliance and proper inventory management. In this approach, the main activities involved in its execution are:
- Purchase order management.
- Tracking of deliveries.
- Immediate problem resolution with suppliers.
- Assurance of inventory availability.
- Compliance with contractual terms and conditions.
Both approaches are complementary and necessary for effective Supply Chain management. While strategic sourcing sets the basis and guidelines for the long term, tactical sourcing ensures that day-to-day operations are carried out efficiently and in alignment with strategic objectives.
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