Strategic sourcing in supply chain management is a process of analyzing and evaluating suppliers to determine the most cost-effective and efficient source of goods and services. It involves analyzing the cost, quality, and delivery of goods and services to ensure that the best possible deal is obtained. The process includes researching and evaluating suppliers, negotiating contracts, and managing supplier relationships. It also involves analyzing the supply chain to identify potential risks and opportunities, and creating strategies to maximize value. Strategic sourcing is a key component of supply chain management, as it helps organizations to reduce costs, improve quality, and increase efficiency. It also helps to ensure that the right supplier is chosen for the right product or service, and that the right contracts are in place to protect the organization. Strategic sourcing helps organizations to create a competitive advantage and stay ahead of the competition.