Strategic Sourcing definition

Strategic Sourcing means a collaborative and structured process to critically analyze DHS’s procurement spending and using an enterprise approach to make business decisions about acquiring and managing commodities and services more efficiently.

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Strategic Sourcing. A process designed to maximize the purchasing power of large, decentralized organizations, such as the University of California, by consolidating and leveraging common purchases.

Strategic Sourcing means the collaborative and structured process of critically analyzing an organization’s spending and using this information to make business decisions about acquiring goods and services more effectively and efficiently.

Examples of Strategic Sourcing in a sentence

• Subscriptions to the Packaged SAP Qualtrics Cloud Service which includes SAP Ariba Strategic Sourcing Suite are measured by Users and include 50 Suppliers per User in blocks of 25 Suppliers.

• Invoicing for Brazil; Ariba Network, tax invoicing for Mexico; Ariba Network, tax invoicing for Chile; SAP Ariba Strategic Sourcing, supplemental site add-on; SAP Ariba Procurement, supplemental site add-on; SAP Signature Management by DocuSign; SAP Signature Management by DocuSign, Fieldglass.

• The Government may periodically conduct Strategic Sourcing competitions to secure tiered pricing based on volume purchases.

• Contractors selected to offer commodities under Strategic Sourcing will be given a finite period of time, typically one year, after which the PCO may decide to declare a new Strategic Sourcing open season.

• Such orders can serve to reduce administrative lead-time and afford the agency the ability to obtain better pricing through leveraged buying power and help achieve Strategic Sourcing goals delineated in Article H.14.

• Civil Rights Compliance Letters of Assurances should be sent to: Department of Health Services Division of Enterprise Services Bureau of Strategic Sourcing Affirmative Action Plan/CRC Coordinator ▇ ▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇, Room 672 ▇.▇.

• Vendors are advised that all District contracts are subject to all legal requirements contained in the District Board policies, the Strategic Sourcing Department's procedures and state and federal statutes.

• The purpose of the Performance Management1/Continuous Process Improvement2 Strategic Sourcing initiative is to provide best value performance management and continuous process improvement (CPI) services to Federal agencies through a pool of highly qualified contractors.

• Each modification submitted to the District’s Strategic Sourcing Department must have the Vendor’s name and return address and the applicable Solicitation number and title clearly marked on the face of the envelope.

• If more than one modification is submitted, the modification bearing the latest date of receipt by the District’s Strategic Sourcing Department will be considered the valid modification.

More Definitions of Strategic Sourcing

Strategic Sourcing essentially means to strategically (competitively) solicit online offers (bids/proposals) from qualified sources of supply.

Strategic Sourcing. ’ means a standardised and systematic approach to procurement

Strategic Sourcing means methods used to analyze and reduce spending on goods and services, including but not limited to spend analysis, product standardization, contract consolidation, negotiations, multiple jurisdiction purchasing alliances, reverse and forward auctions, life-cycle costing, and other techniques.

Strategic Sourcing means those activities which support determining the purchasing direction for any Product or commodity to facilitate the total cost of ownership of those Products.