Skip main navigation

From the coalface

From the coalface - an industry perspective on understanding the supply market and its implications

In the above video Neil Carruthers, a strategic sourcing practitioner, talks about the supply market and relevant factors under consideration.

Building on understanding the nature of value (what needs to be bought) Neil introduces aspects of supply market risk and complexity, which act as key inputs for shaping the sourcing strategy.

Talking point

  • How would your approach differ to understanding the supply market for a simple low cost item vs. a high cost complex or bespoke item?

After hearing from Neil, consider how much effort would you expend, and what range of topics or issues would you want to understand in determining supply market risk and complexity, and any other factors as an input to the sourcing strategy decision?

This article is from the free online

Supply Chains in Practice: How Things Get to You

Created by
FutureLearn - Learning For Life

Reach your personal and professional goals

Unlock access to hundreds of expert online courses and degrees from top universities and educators to gain accredited qualifications and professional CV-building certificates.

Join over 18 million learners to launch, switch or build upon your career, all at your own pace, across a wide range of topic areas.

Start Learning now