Strategic sourcing takes into account all processes that take place during the procurement period, from specification to receipt and payment of products and services. As a consequence, companies using Strategic Sourcing will build supply chains at the lowest overall cost, not just the lowest purchase price. In this video, lets look at the top 6 benefits of Strategic Sourcing.

Written By IIPMR Team

International Institute for Procurement and Market Research (IIPMR) is a global leader in offering Certifications in Supply Chain, Procurement & Market Research. IIPMR Team comprises of senior executives and ex-employees from Apple, IBM, Walmart, P & G, HP etc. IIPMR has members from 78 Countries that have completed CPP, CSCS, CSCA, CRA, CRE and CRP Certifications.