Sourcing Strategy

A planned approach to sourcing over time. There are a variety of different strategies that organisations may adopt in respect of sourcing goods and services. The selection of the strategy will depend on the particular circumstances of each acquisition such as the value of spend, risk in the category and the supply market character. Below is a non-exhaustive selection of possible sourcing strategies:

Sales Skills for Procurement Professionals and Strategic Sourcing training is available at Academy of Procurement.

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Discover the world’s largest Glossary of Procurement terms

With over 800 Procurement specific terms (and growing) you will find everything you need to know or thought you knew about the Procurement function. Our aim is to provide you with a comprehensive list collated from the Comprara Groups hub of training and procurement consulting source materials.The Procurement Glossary has been compiled by industry expert Paul Rogers.