Sourcing and procurement are nearly synonymous, from contract management to the infamous RFP.
Creating value through sourcing and contracting requires deep domain subject matter expertise as well as process knowledge. In order to deliver the desired results, procurement must maintain a precarious balance of consistency and flexibility, cost focus and value orientation. Every sourcing project must address a range of needs, from detailed pricing to relational service levels, and has as many stakeholders as it does objectives.
The resources on this page will help you address the people, process, and technology elements of successful sourcing and contracting.