Sourcing transformation is a business strategy that involves changing the way a company acquires goods and services. It is a shift away from traditional procurement methods, such as relying on a single supplier, to a more modern approach that takes advantage of technology and new business models. Sourcing transformation is a holistic approach to managing the supply chain, with the goal of achieving greater efficiency, cost savings, and improved quality. It includes activities such as supplier rationalization, process optimization, and digital transformation. The ultimate goal of sourcing transformation is to create a more agile, efficient, and cost-effective supply chain that can quickly adapt to changing market conditions. This can be achieved through a combination of strategic sourcing, supplier collaboration, and data-driven decision making. By leveraging technology and analytics, companies can gain better visibility into their supply chain and identify areas for improvement. Ultimately, sourcing transformation can help organizations increase their competitive advantage and maximize their return on investment.