A good sourcing process researches potential suppliers to limit the risk of overspending while providing required technical features, quality and lead times.When identifying and defining alternative suppliers, it is also important to consider logistics operations.
Strategic sourcing eases the procurement management and helps management to focus on long-term planning.
Close supplier relationships can help businesses identify problems and act for solutions quickly.
Some brands has positive image, may lead consumers /customers to prefer your product. It is important to consider competitive differentiation opportunities while identifying potential suppliers.