Cost optimization is a fundamental responsibility for sourcing & procurement teams in supply chain. But many teams struggle to make the right trade-offs between risk and value when pursuing cost improvements.
Leaders in sourcing & procurement consider inventory impacts when making decisions about individual supplier relationships and the overall supplier portfolio.
Gartner studied their best-practice approach and identified three principles that all sourcing & procurement teams can apply to support inventory excellence while fulfilling functional objectives for cost-optimized supply.
Download the research to learn how sourcing & procurement teams can both reduce material supply cost and avoid inventory waste and risk.