The official business definition of Strategic Sourcing KPI is a set of performance indicators used to measure the effectiveness of an organization’s sourcing strategy. These KPIs can include a variety of metrics, such as cost savings, supplier performance, quality, delivery times, and more. Strategic Sourcing KPIs are designed to provide a comprehensive view of an organization’s sourcing activities, allowing it to identify areas of improvement and develop a more effective sourcing strategy. By measuring the performance of an organization’s sourcing activities, Strategic Sourcing KPIs can help to identify cost savings opportunities, improve supplier performance, and reduce the risk of supply chain disruptions. Additionally, these KPIs can be used to evaluate the effectiveness of an organization’s sourcing strategy and ensure that it is meeting its goals. By tracking Strategic Sourcing KPIs, organizations can ensure that their sourcing activities are efficient and effective, leading to improved performance and cost savings.