Sourcing Strategy definition

Sourcing Strategy means a documented set of data-driven activities developed in a collaborative and structured process to improve one or more aspects of acquisition for a category of spending.
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Sourcing Strategy means the decision factors that determine the method of Sourcing and Procurement of Goods and/or Services. These decision factors include but are not limited to: evaluating internal requirements, forecasts, market conditions, assessments of supplier base including supplier performance and characteristics of the Goods and/Services category.
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Examples of Sourcing Strategy in a sentence

  • Sourcing Strategy (bidders list) and Sourcing Decision (final supplier) will be approved in Volvo Cars Supplier Choice Meeting (“SCM”) and Supplier Choice Consensus (“SCC”).

  • FreeMarkets and United staff will cooperate to identify and execute Sourcing Projects, Training, Sourcing Strategy Development and Overall Project Management Services sufficient to deliver savings to United.

  • This includes the analysis of the impact these plans and objective may have on the Sourcing Strategy and vice versa and reconciling these impacts.

  • Stages of Global Sourcing Strategy Evolution: An Exploratory Study.

  • Sourcing Strategy (bidders list) and Sourcing Decision (final supplier) will be approved in Volvo Cars Supplier Choice Meeting (“SCM”) or equal decision meetings and Supplier Choice Consensus (“SCC”).

  • Approve Category-Specific Sourcing Strategy Approving the Category-Specific Sourcing Strategy.