#Strategicsourcing #stepstofollowforstrategicsourcing #strategicsourcingprocess

Strategic Sourcing is the process of continuously improving and re-evaluating the buying activities of a company.

Strategic sourcing involves several steps such as analysis of spend or expenditure, market research to identify qualified suppliers, negotiation of price and discounts, and finalizing the terms and conditions in a contract.

In this video, lets look at the 7 steps to follow in the strategic sourcing process.

International Institute for Procurement and Market Research (IIPMR) is a global leader in training and certification for Market Research and Supply Chain Management education. It is the developer of internationally popular certification programs such as

Certified Supply Chain Associate (CSCA)
Certified Supply Chain Specialist (CSCS)
Certified Procurement Professional (CPP)
Certified Research Analyst (CRA)
Certified Research Expert (CRE)
Certified Research Professional (CRP)

IIPMR has registered members from 75+ countries that have completed its online certifications ranging from CEO's, Senior Supply Chain Managers, Procurement Managers, Logistics Managers, Strategic Sourcing Consultants, Head of Procurement, Senior Buyers, Chief Procurement Officers, Research Managers and Market Research Analysts.

IIPMR also offers Market Research & Consulting services focused in Supply Chain to fortune 500 companies across the world. This service is called Procurement Intelligence or Supply Chain Research.

IIPMR certified members (CRA, CRE, CRP, CSCA, CSCS and CPP) are recognized worldwide as the sign of a qualified Research and Supply chain management professional and are achieved through examination and recognition of relevant prior learning.

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