SafeSourcing Wiki [S-T]

Return to Main Wiki Index

Strategic Sourcing
No Comments Yet

Strategic sourcing is the process of determining long-term supply requirements, finding sources to fulfill those needs, selecting suppliers to provide the services, negotiating the purchase agreements, and managing the suppliers’ performance. This is a component of supply chain management, for improving and re-evaluating purchasing activities. This term has become more popular for procurement departments in larger corporations.

Rate This Page: Poor Great   |  Rate Content |
Average rating:  4   
Number of Ratings : 4

 |  View Topic History  |