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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. Traditional sourcing was all about sourcing goods at the lowest possible price. Where price is the primary component of traditional sourcing, it is just one component of strategic sourcing.

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Unlocking Profitable Opportunities in Railway Cleaning

Tracker Intelligence

Introduction to Railway Cleaning Opportunities The railway sector serves a dynamic and ever-changing industry that is key to the transportation of both people and goods. Market Analysis and Industry Trends in Railway Tenders In a dynamic industry like railway cleaning, it is important to follow the market trends and changes in the industry.

Tender 52
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Procurement Planning: Steps for Issuing a Solicitation

The Procurement School

Market Analysis The level of market analysis is dependent on the outcome of the requirements gathering. If there is a good understanding of the number of potential bidders and their capacity this minimizes the requirement for market analysis. A more formal method is to issue a Request for Information (RFI).

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Friday Flash 10/27/23

The Coalition for Government Procurement

November 15 Jack Tekus , Management Analyst, MAS PMO, GSA Derek Tribble , Senior Procurement Analyst, GSA GSA Pricing Tools: GSA’s Catalog Management team will be present to discuss various agency solutions and tools. Majority Leader Chuck Schumer (D-NY) said on the floor that he expects the Senate’s work to continue into next week.