Strategic sourcing is one of the key modern and innovative business strategies that companies incorporate into their operations nowadays. Unlike traditional sourcing in which businesses select a suitable supplier to get supplies at the lowest possible rates, strategic sourcing focuses on all importa...

Spend analysis is a strategic method or technique that businesses adopt to achieve their objectives. It provides fact-based recommendations for effective and efficient procurement management while promoting a strong, long-term relationship with suppliers and vendors. This article explores how spend ...

Maturity assessment is an evaluation technique that serves as a capability-measurement tool for organizations. With its help, a business can identify and understand its weaknesses and strengths. It is one of the modern strategic techniques that helps businesses boost their strategic growth.  This a...