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Strategic sourcing

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Definitions Edit

Strategic sourcing is

[a] collaborative and structured process of analyzing an organization's spend and using the information to make business decisions about acquiring commodities and services more efficiently and effectively.[1]
a process that moves a company away from numerous individual procurements to a broader aggregate approach.[2]

References Edit

  1. Defense Acquisition University, ACQuipedia, Strategic Sourcing (full-text).
  2. Federal Software Licenses: Better Management Needed to Achieve Significant Savings Government-Wide, at 7 n.15.

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