There was a time when strategic sourcing meant aggregation of spend across the divisions and running a tender.
Sophisticated techniques have since then gradually crept into this discipline. Strategic Sourcing has become more strategic and less sourcing oriented.
A complete supply chain perspective, melded with corporate governance imperatives has given rise to the supply chain governance thinking at the board level. In the era of the growing emphasis on supply chain governance, strategic sourcing has taken on a new mantle.
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