Strategic sourcing is a critical component of any organization's digital transformation journey. Thompson (2019) defines strategic sourcing as "the process of identifying, evaluating, and selecting suppliers to provide goods and services that meet the organization's needs." In the digital age, strategic sourcing has become increasingly complex, with organizations needing to consider a wide range of factors, including cost, quality, risk, and innovation.
Thompson, T. (2020). Digital Disruption and Transformation: A Strategic Sourcing Perspective. Journal of Strategic Sourcing, 3(1), 1-15. Strategic sourcing is a critical component of any
Thompson, T. (2019). Strategic Sourcing in the Digital Age. Journal of Procurement and Supply Management, 25(2), 147-158. (2020)
The advent of digital technologies has brought about significant disruptions in various industries, forcing organizations to rethink their business models, processes, and strategies. Teresa Thompson, a renowned expert in strategic sourcing and digital transformation, has been at the forefront of this conversation. This paper aims to explore Thompson's work on digital disruption and transformation, with a specific focus on strategic sourcing. Thompson, T
Thompson argues that digital transformation is not just about adopting new technologies, but also about rethinking business models, processes, and strategies. This requires a deep understanding of the organization's current state, as well as the ability to envision and design a future state that is enabled by digital technologies.