Strategic sourcing is a supply management tool that delivers significant cost reductions and other benefits, the Institute for Supply Management says. While traditional purchasing focuses on buying at ...

Strategic sourcing is a supply management tool that delivers significant cost reductions and other benefits, according to the Institute for Supply Management. It replaces the traditional purchasing ...

Local governments are under significant fiscal pressure due to rising inflation, deferred maintenance and infrastructure investments, staffing shortages, and constituent demands for digital services.

This launch positions Houston at the forefront of public procurement innovation.”— Jed Greenfield, Chief Procurement ...

Merger and acquisition activity in the healthcare sector continues at a brisk pace as organizations seek to decrease their costs, expand service offerings and enhance their market presence. Strategic ...

Category management is not just a new name for strategic sourcing. Rather, strategic sourcing is one of the tools used by category teams to manage procurement expenditure to achieve mission value.

The concept of strategic sourcing can mean different things to different people, but essentially it is a more comprehensive, researched, planned and measured approach to procurement. As governments at ...

Spencer Penn is Co-Founder & CEO of LightSource, an AI-powered strategic sourcing platform. He was named to Forbes 30 Under 30. The term "AI" is everywhere, but for strategic sourcing and procurement ...

Per the formal definition, an OEM having a strategic sourcing function makes a lot of sense. Why? Because it is important to select suppliers that will increase your own company’s competitiveness. My ...

Procurement Magazine, part of BizClik, has released its highly-anticipated Top 100 Procurement Leaders 2026 ranking. The ...