Strategic Sourcing definition

Strategic Sourcing means a collaborative and structured process to critically analyze DHS’s procurement spending and using an enterprise approach to make business decisions about acquiring and managing commodities and services more efficiently.
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Strategic Sourcing means the collaborative and structured process of critically analyzing an organization’s spending and using this information to make business decisions about acquiring goods and services more effectively and efficiently.
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Strategic Sourcing means methods used to analyze and reduce spending on goods and services, including but not limited to spend analysis, product standardization, c ontract consolidation, negotiations, multiple jurisdiction purchasing alliances, reverse and forward auctions, life-cycle costing, and other techniques.
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Examples of Strategic Sourcing in a sentence

  • If Customer’s Data Processing Exhibit or Data Protection Agreement does not expressly apply to Professional Services, and for all Professional Services provided with respect to Workday Adaptive Planning and Workday Strategic Sourcing, the Workday Universal Data Processing Exhibit located at xxxxx://xxx.xxxxxxx.xxx/en-us/legal/contract-terms-and-conditions/index/exhibits.html will apply to the processing of Personal Data as part of the Professional Services performed by Workday.

  • If the Security Exhibit between the parties does not expressly apply to Professional Services, and for all Professional Services provided with respect to Workday Adaptive Planning and Workday Strategic Sourcing, the Workday Universal Security Exhibit located at xxxxx://xxx.xxxxxxx.xxx/en-us/legal/contract-terms-and-conditions/index/exhibits.html will apply to this SOW as if fully set forth herein.

  • Approval of the contract by the State Board is contingent upon approval by the State Department of Information Technology Contracts and Strategic Sourcing.


More Definitions of Strategic Sourcing

Strategic Sourcing essentially means to strategically (competitively) solicit online offers (bids/proposals) from qualified sources of supply.
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Strategic Sourcing means those activities which support determining the purchasing direction for any Product or commodity to facilitate the total cost of ownership of those Products.
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Strategic Sourcing. ’ means a standardised and systematic approach to procurement
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Related to Strategic Sourcing

  • Michigan strategic fund means the Michigan strategic fund as described in the Michigan strategic fund act, 1984 PA 270, MCL 125.2001 to 125.2094.

  • Research and development means (1) theoretical analysis, exploration, or experimentation; or (2) the extension of investigative findings and theories of a scientific or technical nature into practical application for experimental and demonstration purposes, including the experimental production and testing of models, devices, equipment, materials, and processes. Research and development does not include the internal or external administration of radiation or radioactive material to human beings.

  • Network Services means the equipment, software, and services necessary to transmit voice, data, or video.

  • Strategic Investor means a Corporation, partnership or other entity engaged in one or more Telecommunications Businesses that has, or 80% or more of the Voting Stock of which is owned by a Person that has, an equity market capitalization, at the time of its initial Investment in the Company or in a Permitted Joint Venture with the Company, in excess of $2 billion.

  • Support Services means support in relation to the use of, and the identification and resolution of errors in, the Hosted Services, but shall not include the provision of training services;

  • Cloud Services means SAP’s then-current cloud services offered under and described in detail in the applicable SAP PartnerEdge Model.