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A Succinct Guide to Strategic Sourcing Strategic Sourcing is a fundamental strategy for organizations seeking to maximize the value suppliers provide. Strategic sourcing aims to optimize costs, mitigate…

Broad tariffs have passed in the US, impacting steel and aluminum, among other categories. Here is a summary of the new US tariffs, targeting $18 billion of Chinese imports, and comments on the aluminum…

Using a Third-Party Procurement Provider to Spur Negotiation Success I see this time and time again: when people bring a third-party procurement and strategic sourcing company (like K2 Sourcing) into a…

How to Respond to Supplier Price Increases: Procurement Sensitivity Class To respond more empathetically to salespeople asking for cost increases, I recently took a sensitivity class.  I came up with…

What is Risk Mitigation? Risk mitigation refers to the process of taking proactive actions to reduce the likelihood or impact of potential risks and uncertainties that could affect the success of a project,…