Strategic Sourcing Partner is an official business term used to describe a partner that is responsible for the strategic sourcing of goods and services. This partner is responsible for finding the best sources of supply, negotiating the best prices, and ensuring that the company is getting the best value for their money. Strategic Sourcing Partners are responsible for developing and executing a sourcing strategy that meets the company’s needs and objectives. They must have a deep understanding of the market, be able to identify potential suppliers, and have the ability to negotiate the best deals. They must also be able to monitor the performance of suppliers and ensure that the company is getting the best quality products and services. Strategic Sourcing Partners must be able to develop and maintain relationships with suppliers and be able to identify potential risks and opportunities. They must also be able to manage the entire sourcing process from start to finish, including contract management, supplier performance management, and supplier relationship management. Strategic Sourcing Partners are an essential part of any business, as they are responsible for finding the best sources of supply, negotiating the best prices, and ensuring that the company is getting the best value for their money.