Driving change and managing the supply market through strategic sourcing and category management

Strategic Sourcing is the process of identifying, evaluating, negotiating and optimising the procurement of strategic goods and services that best support the strategic objectives of the business. The process should aim to standardise the sourcing process within an organization, place more spend under the prudent eye of procurement and ensure that any value generated is properly executed, measured and monitored.

Category Management is a strategic sourcing activity which organises procurement resources to focus on specific areas of spend, thus creating new opportunities for savings and value.

Integrating leading practice Supplier Relationship Management into your strategic sourcing programme will deliver mutually beneficial relationships with suppliers, encourage improved communication, enhance openness and create transparency.

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Endorsed And Supported By:

            APMSA                    CIPS