Sourcing intelligence is a business term that refers to the process of gathering, analyzing, and utilizing data to inform strategic decisions. It involves the use of data-driven insights to identify opportunities and risks, as well as to understand the competitive landscape. By leveraging the power of data, companies can make more informed decisions about their sourcing strategies, including supplier selection, pricing, and negotiation. Additionally, sourcing intelligence can be used to track supplier performance, monitor market trends, and develop a more efficient supply chain. In today’s competitive business environment, sourcing intelligence is an essential tool for companies to stay ahead of the competition and remain competitive. By leveraging the power of data, companies can make more informed decisions about their sourcing strategies, leading to better business outcomes.