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Strategic Sourcing

Strategic Sourcing

Noun

Strategic sourcing is a proactive and comprehensive approach to identifying, evaluating and acquiring the most suitable SaaS solutions that align with your business goals and long-term vision.

Strategic sourcing involves serven steps:

  1. Profiling the category
  2. Analyse the supply market
  3. Develop a strategy
  4. Move forward with a process
  5. Select suppliers and begin negotiations
  6. Implement and integrate
  7. Analyse and benchmark

By implementing strategic sourcing, B2B SaaS companies can navigate the complex landscape of vendors and ensure they acquire the tools that will drive their success over the long term.

Example:

The marketing department embarked on a strategic sourcing initiative to identify a marketing automation platform that not only boosted campaign efficiency but also integrated seamlessly with our existing PRM system.

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