WebCatalog

Products in the Strategic Sourcing category are designed to assist procurement teams in planning, assessing, and managing performance during sourcing initiatives. These solutions typically offer functionalities such as project management, category management, savings tracking, data collection, team collaboration, and access to supplier marketplaces. Strategic sourcing differs from tactical and process-focused applications, which primarily support operational activities like requisitioning, ordering, invoicing, and payment. Strategic sourcing is commonly implemented as a shared service, even in large organizations, and is used to manage all types of spend, including services, direct materials, raw materials, and indirect goods. These shared-service centers are often integrated into procurement or supply chain functions.