The entire set of business process required to purchase goods and services. Pdf the role of strategic sourcing on global supply chain. Improved sourcing flexibility through strategic procurement. We hear and read a great deal of information in our supply chain profession about strategic sourcing. Pdf procurement, sourcing and supply chain management prof. Purchasing is the function in a firm responsible for the professional management of a firms interface with the supply market, to ensure its supply. Sourcing is the entire set of business processes required to purchase goods and services. Purchasing was accepted as a support function that provides for the sourcing. Also, this study can be of interests to people working at other functional. Purchasing is the function in a firm responsible for the professional management of a firms interface with the supply market, to ensure its supply with the necessary goods and services provided. Outsourcing results in the supply chain functions being performed by a third party. Pdf strategic procurement in supply chain management. Engel, vice president project services the procurement centre 76230111 ext.
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