The best procurement teams focus on more than price alone when making purchasing decisions—because some things are more important than discounts. In this episode of The Agile Supply Chain Podcast, Nico Bac, a P&G veteran and the founder of consulting firm Digital Procurement Now, and Pierre Mitchell, Chief Research Officer and Managing Director of Azul Partners, discuss the latest thinking on strategic sourcing and procurement and supply chain information management.

Key Takeaways

• The best suppliers want to work with pharma companies who embrace digital tools and techniques that can make them even better.
• When you are doing strategic sourcing and bringing on new suppliers, you are effectively doing extended network design. Therefore, it’s important to think carefully about what kind of network you are creating.