Beyond Strategic Sourcing

The strategic sourcing process provides organizations with an outstanding opportunity for assessing and managing potential threats that can result in supply chain disruptions and significant cost increases. A key theme permeating throughout many of the approaches we have discussed concerns the critical role of collaborative relationships and strategic alliances with suppliers that can help firms “get through the hard times” when disruptions and other forms of risk occur. This concluding chapter also touches upon the benefits and threats Industry 4.0 advancements present to assessing and managing risk in modern supply chains.