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What is Strategic Sourcing and Why is it Important?

Oxford College of Procurement and Supply

The process of strategic sourcing requires continuous market analysis, goal recognition and an ongoing re-evaluation of sourcing activities. With strategic sourcing, it is common for there to be several rounds of negotiation before selecting the right supplier. It is, therefore, a long-term process.

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Friday Flash 10/20/23

The Coalition for Government Procurement

In turn, this will lead to more consistent and sound negotiation and administration of MAS contracts. In the past, the regional structure gave rise to differing cultures, negotiation approaches, and interpretations of applicable regulations and solicitation provisions. 5] Thus, OHA found the JV ineligible for award.

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Friday Flash 10/27/23

The Coalition for Government Procurement

Another witness recommended that the government conduct rigorous market analysis and model testing based on government-wide standards in order to keep pace with the rapid growth of open-source AI technologies. 4] Merely identifying the percentage of work each party will perform is insufficient.