Strategic Sourcing Quotes

My father-in-law just happens to be a global procurement guru. Now retired, he was the global head of procurement for some of the biggest companies in the world as well as our very own treasury.

Human resources are like natural resources; they're often buried deep. You have to go looking for them; they're not just lying around on the surface.

You must have a supplier relationship of constant improvement.

A new procurement policy had to be brought in 2016. Subsequent to it, procurement has gone up rapidly.

In many critical things, such as the very high purity of the aluminium we need in aerospace, we only have one producer. That's not a good formula.

The outsourcing gurus have been driving the theory, and they are saying everybody ought always to do this. But it is really contingent on where you are on the spectrum from "not good enough" to "more than good enough," relative to each tier of the market.

We're talking to every third-party supplier every day of the week, and our traders are talking to them and buying products from them. When we're doing that, we see opportunities which no one else sees.

The important thing about outsourcing or global sourcing is that it becomes a very powerful tool to leverage talent, improve productivity and reduce work cycles.

On Planet of the Apes, I had a very knowledgeable team who knew good materials, but I had one main source person who worked online and on the street continually looking for the proper materials.