oboloo

Strategic Sourcing

What Is Strategic Sourcing? – Definition

What Is Strategic Sourcing? – Definition An organization can take advantage of its consolidated purchasing power and use that to find the best value in the marketplace as well as align its purchasing strategy to meet the business goals of the organization by using strategic sourcing, an approach to supply chain management that formalizes the way information is gathered and used.  In the context of digital transformation, procurement and supply chain processes are evolving as a result of strategic sourcing, and …

Continue Reading