Cost of Ownership, Purchasing and Quantity - Public Procurement Central

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Cost of Ownership

Purchasing

Quantity

What is Strategic Sourcing and Why is it Important?

Oxford College of Procurement and Supply

AUGUST 23, 2023

It formalises the gathering, analysis and application of information to assist companies in aligning their purchasing strategy with their goals and securing the best possible value. The main difference relates to cost. In contrast, strategic sourcing focuses on the total cost of ownership and seeks to create the best possible value.

Strategic Sourcing

Strategic Sourcing Import Total Cost of Ownership IT

Evolution of the Status Quo

The Procurement School

MAY 27, 2024

Until recently, public owners have relied on a common approach of drafting conceptual drawings, commissioning quantity surveys, and buffering their budgets to allow for a percentage contingency. This collaborative effort ensures that the procurement landscape remains fair, competitive, and cost-effective.

Public Procurement

Public Procurement Total Cost of Ownership Budget Collaboration

What is Strategic Sourcing and Why is it Important?

Evolution of the Status Quo

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