15 years helping Israeli businesses
choose better software

Strategic Sourcing

Strategic sourcing is a form of supply chain management that involves examining all aspects of working with a particular supplier. This process includes analyzing data, market research, risk evaluations and needs assessments instead of simply considering the lowest purchase price.

What Small and Midsize Businesses Need to Know About Strategic Sourcing

Using strategic sourcing is crucial for SMBs that want to remain competitive, reduce costs, prevent interruptions within the supply chain, and form stronger long-term relationships with suppliers.

Related terms