2. Introduction
Since, choice of purchasing has direct impact
on the operational costs; the director of a
company providing sourcing services has to
analyze the suppliers and their operating
system.
3. Function of a Sourcing Director
Companies hire sourcing service
providers to smoothly acquire products
from abroad and that too at the best price.
You will have to establish objectives,
policies and purchasing initiatives. You
will also have to inform the suppliers
about the sourcing strategies of your
company.
4. Strategic Techniques and Directions
You should state the purchasing terms and
conditions to supplier in order to ensure
on-time delivery of products to the buyer
company. You also have to make sure that
the quality of the products, maintain the
required standard.
5. Contract Management and Relationship with Supplier
As a sourcing director in a sourcing
services company, you have to look
after the contract management
procedures and supplier relationship
management. This helps in
monitoring termination date of
projects. You have to go through the
service quality of the suppliers and
inform that to your client.
6. Purchasing Leadership
Sourcing directors are responsible for
recruiting and motivating purchasing
professionals. Your team includes
sourcing managers, buyers, spend
analysts, cost analysts and contract
managers.