Agile Sourcing Methodology is an official business definition that is used to describe the process of acquiring goods and services from external sources. It is an approach that focuses on the development of long-term relationships with suppliers, as well as on the ability to quickly adapt to changing market conditions. Agile Sourcing Methodology is based on the principles of agility, flexibility, and responsiveness. It emphasizes the need for businesses to have a clear understanding of their needs and objectives, and to develop a sourcing strategy that will enable them to meet those needs in a timely and cost-effective manner. Agile Sourcing Methodology also emphasizes the importance of collaboration between the buyer and the supplier, as well as the need for both parties to have a shared understanding of the desired outcomes. This helps to ensure that the supplier is able to deliver the goods and services in a timely and cost-effective manner, while also allowing the buyer to remain flexible and responsive to changing market conditions.
