The official business definition of Strategic Sources is the practice of identifying and engaging with potential suppliers that can provide a company with the best value for their goods and services. Strategic sourcing is a process that involves analyzing and evaluating the various suppliers available to a company, in order to identify the ones that can offer the best value for the company’s money. It involves looking at a variety of factors, such as price, quality, delivery time, and customer service. By engaging with the right suppliers, a company can reduce costs, improve quality, and increase efficiency. Strategic sourcing also involves creating and maintaining long-term relationships with suppliers, which can lead to better pricing and better service. In addition, it involves developing strategies to ensure that the company is getting the best value for their money. Strategic sourcing is an important part of any company’s business strategy, and can be the difference between success and failure.