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What is Strategic Sourcing and Why is it Important?

Oxford College of Procurement and Supply

Strategic sourcing is a contemporary approach to supply chain management. In this post, we explain what strategic sourcing is, why it is important and how it can be implemented. In this post, we explain what strategic sourcing is, why it is important and how it can be implemented.

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What Does “Good” Look Like: Strategic Sourcing

ivalua

So what does “good” strategic sourcing look like? The primary difference between Strategic Sourcing and “good” Strategic Sourcing is contextualized flexibility. If Procurement follows a Strategic Sourcing process flow like a checklist, then all Strategic Sourcing projects will start and end in the same way.

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Three Opportunities to Achieve Greater Product Success Through Effective Supplier Engagement

ivalua

Managing suppliers through qualification activities will confirm their ability to produce and deliver components at the proper quality and quantities to support customer demand. Once product volumes have ramped to maturity, there is often competitive pricing pressure that will erode revenues and profitability.

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Friday Flash 09/20/2024

The Coalition for Government Procurement

Pricing details included in the prospectus. Under certain circumstances contracting officers may require continued performance fixed-price contracts if the contractor already has been paid or funds already have been obligated. 8, A3 Price Template V.2 For more information, please contact Heather Tarpley at htarpley@thecgp.org.

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Friday Flash 01/17/2025

The Coalition for Government Procurement

The protests relate to GSAs evaluation of the proposals, including thepast experience scoring.GSA made 102 Polaris awards in the general small business pool based on highest technical ratings and fair and reasonable pricing. This multiple award indefinite delivery/indefinite quantity (MA-IDIQ) consolidation of two current U.S.