If you have been following our recent articles on sustainable sourcing, you should realize that effective supply chain management is not only key to improve economic and environmental performance, it is also a leading method to conserve resources. Another major benefit of transforming supply chain management practices is uncovering the path for innovation, reducing costs, increasing productivity, and optimize operations to suit the goals of the business. In order to make supply chain management practices effective, it is important to adopt sustainable steps. I had devised a systematic roadmap that will help you in adopting the sustainable practices in supply chain management.
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In 2006, Aptium Global provides a useful whitepaper focused on creating sustainable purchasing savings via Lean Sourcing. In this whitepaper, it discussed about Lean Sourcing as a sourcing technique that aims to improve productivity by reducing inventory, improving customer service, and increasing output. On the other spectrum is Strategic Sourcing, which is a systematic, data-driven approach to enhance supply base and improve overall value proposition. Both methods offer their own unique set of benefits geared towards optimizing procurement processes, as well as ensuring costs are kept at optimum levels to enable business growth. So, what are their differences?
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