Strategic sourcing techniques are a set of business processes used to identify, evaluate, and select suppliers for an organization. These techniques are designed to help organizations obtain the best value for their purchases, by optimizing their purchasing process and driving cost savings. Strategic sourcing techniques include the use of market intelligence, supplier segmentation, supplier evaluation, and supplier negotiation. Market intelligence involves researching and understanding the current market conditions, including pricing, availability, and competition. Supplier segmentation involves categorizing suppliers based on their capabilities, cost structure, and performance. Supplier evaluation involves assessing the capabilities and performance of suppliers, as well as their cost structure. Finally, supplier negotiation involves negotiating with suppliers to obtain the best possible price and terms. By using strategic sourcing techniques, organizations can reduce costs, increase efficiency, and ensure they are obtaining the best value for their purchases.