- March 1, 2015
- Posted by: James Bregenzer
- Category: Publications, Technology Procurement, Topical Search, White Papers and Issue Briefs
Evolution of Strategic Sourcing
Strategic sourcing has been around for a few decades. This paper provides valuable insight into the use of this approach to state procurement. It discusses benefits and challenges, common misconceptions, how it differs from traditional procurement and where it can add value. Information obtained through phone interviews with 15 states are highlighted in the paper. The paper also addresses most successful and challenging spend categories and an assessment of how strategic sourcing has evolved over the past decade and where it is headed.