Question: Discuss the key differences between traditional purchasing and strategic sourcing. How does strategic sourcing contribute to an organizations ability to achieve its long-term corporate goals,

Discuss the key differences between traditional purchasing and strategic sourcing. How does strategic sourcing contribute to an organization’s ability to achieve its long-term corporate goals, and why is this alignment important in the context of supply chain management?

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Traditional purchasing and strategic sourcing are two approaches to procurement each with distinct characteristics and implications for an organization Traditional Purchasing 1 Focus on Transactional ... View full answer

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