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Strategic Sourcing Metrics

oboloo Glossary

Strategic Sourcing Metrics

Strategic sourcing metrics are the quantitative measurements used to evaluate the effectiveness of an organization’s strategic sourcing activities. These metrics provide a way to measure the performance of the sourcing process and identify areas for improvement. Strategic sourcing metrics can be used to track the cost savings achieved through strategic sourcing, the efficiency of the sourcing process, and the effectiveness of the supplier relationships. They can also be used to measure the impact of sourcing decisions on the organization’s overall performance. Strategic sourcing metrics are essential for organizations to ensure that their sourcing activities are aligned with their business objectives and that they are achieving the best possible results. By measuring the performance of their sourcing activities, organizations can identify areas for improvement and ensure that their sourcing activities are contributing to their overall success.

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