Sourcing Strategies and Supply Chain Management. Critical Appraisal under Consideration of Risk Avoidance

Seminar paper from the year 2021 in the subject Business economics - Supply, Production, Logistics, grade: 1,7, Buckinghamshire New University, language: English, abstract: This coursework focuses on strategic sourcing and does not take the other elements of a supply chain into consideration. The risks identified are based on the element of sourcing. Only external sourcing strategies are considered, which belong to supplier strategies. The definition of supply chain management has brought up by two consultants in 1982. Today, it’s more challenging than ever for the management of companies to developed and implemented coherent strategies to manage and coordinate supply chains and to minimize the likelihood of risks.