This module can turn a potential resource usage problem into a great benefit to your business. Sourcing business models are aimed at procurement professionals who are looking for a modern approach to getting the best fit between buyers and suppliers. In these difficult times, public procurement has never been more important. Strategic sourcing is an institutional acquisition process that continuously improves and re-evaluates a company`s purchasing activities. In the service industry, strategic sourcing refers to a service solution, sometimes referred to as a strategic partnership, specifically tailored to the individual needs of the customer. In a production environment, it is often seen as a component of supply chain management.

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