Smarter Sourcing is an official business term used to describe the process of optimizing the sourcing of goods and services to ensure that a company is able to obtain the best value for their money. This process involves analyzing the current supply chain, researching potential suppliers, and negotiating contracts that are beneficial to both parties. Smarter Sourcing also includes leveraging the latest technology to automate processes and ensure that the best deals are found. The goal of Smarter Sourcing is to create a more efficient and cost-effective supply chain that can help a company remain competitive in the market. By utilizing Smarter Sourcing, companies can reduce costs, increase efficiency, and improve customer satisfaction. This type of sourcing strategy can help a business remain profitable and successful in the long run.