| In today’s economy of depressed earnings, dwindling working capitals, low consumer confidence, Companies are invariably focusing on reducing costs and increasing their bottom-line by bringing efficiencies to their Supply and Service chains. The popular approach to bringing costs down relies on implementing Strategic Sourcing programs that are designed to bring costs down by negotiating deeper discounts from a limited number of large, key suppliers in exchange for more predictability and larger revenue flow to these suppliers. However, pure price and size based Strategic Supplier selection models for Human Capital invariably sacrifice quality thereby undermining the productivity. |
