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Strategic sourcing

Strategic sourcing is the process of developing channels of supply at the lowest total cost, not just the lowest purchase price. It expands upon traditional organisational purchasing activities to embrace all activities within the procurement cycle, from specification to receipt, payment for goods and services to sourcing production lines where the labor…

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Overview

Use of the term

Steps

Sourcing plan

  • RFI Request for information
  • RFP
  • RFQ Request for quotation

Sourcing optimization

Cooperative sourcing

Sourcing business models

In popular culture

Advanced semantic analysis

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Map overview Semantic statistics

Strategic sourcing

Nodes43
Edges42
Triples79
Avg. degree1.95
Density0.046512
Components1

How this topic connects Entity context

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Strategic sourcing

Top relations

related to Further reading · 36
Strategic sourcing → Beimborn, Berlin Heidelberg, Building, Business, Cooperative, Department, Dorn, Enhancing Profitability Through Strategic, Gabler, HMSO, Inc, Increase Value, Industry, ISBN, Joe, John Wiley, Kerkhoff, London, Management Overview, Managing Indirect Spend
related to Steps · 11
Strategic sourcing → Assessment, Development, Identification, Implementation, Japanese, Negotiation, Payment Terms, The, Toshihiro Nishiguchi, Total, Track
related to Sourcing plan · 7
Strategic sourcing → Into, Many, RFI, RFP, RFQ, RFX, The
related to In popular culture · 6
Strategic sourcing → American, Craig MacIntosh, Francesco Marciuliano, Sally Forth, Strategic, Ted Forth
related to Use of the term · 5
Strategic sourcing → Fortune, October, The, This, United States
is a · 1
Strategic sourcing → process of developing channels of supply at the lowest total cost

Important terminology Word statistics

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Important terminology

sourcing strategic procurement business supply process services outsourcing suppliers chain models market production purchasing many cost one supplier strategy costs

Entity relationships Subject–Predicate–Object triples

SubjectPredicateObjectConfidenceSrc
Strategic sourcingis aprocess of developing channels of supply at the lowest total cost0.90text
issuing purchase orders to suppliersinstance ofProcurement operations support tactical day-to-day transactions0.80text
whereas strategic sourcing represents to strategic planninginstance ofProcurement operations support tactical day-to-day transactions0.80text
supplier developmentinstance ofProcurement operations support tactical day-to-day transactions0.80text
contract negotiationinstance ofProcurement operations support tactical day-to-day transactions0.80text
supply chain infrastructureinstance ofProcurement operations support tactical day-to-day transactions0.80text
and outsourcing modelsinstance ofProcurement operations support tactical day-to-day transactions0.80text
Fortune 500 companiesinstance ofsophisticated companies0.80text
Procterinstance ofmany organizations0.80text
the sourcing team responsible for each eventinstance ofall sourcing events are organized and detailed with tactical and operational information0.80text
when the sourcing event is supposed to begininstance ofall sourcing events are organized and detailed with tactical and operational information0.80text
end based on each RFX stepinstance ofall sourcing events are organized and detailed with tactical and operational information0.80text

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    Min side: 3
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