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It has been reported that the value of shipments for manufactures is somewhere around 54 percent. The value of services to the global economy is important now and will experience continued growth over the years. This growth will result in an increase in the amount that those purchasing will spend for services. With most companies the spotlight is being put on strategic cost management and the sourcing professionals that are responsible for both finding and managing the suppliers that provide these materials and services, this is known as strategic sourcing. This process is an excellent way to get a clear view of your organization's costs, both internally and externally. This view would give you a noticeable advantage in the area of competitive edge. Learn more on supply chain risk management software In most cases, management cost is considered the responsibility of an accounting or finance department because of the sourcing function falls into the area of cost control. However,

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