There appears to be a common misconception about Strategic Sourcing. Like many business buzzwords, the term strategic sourcing is overused. It's quite likely that most organizations, espousing their traditional procurement practices, have simply renamed the search for price savings as a "strategic " activity; a old wolf re-clothed in lambskin, as it were. It's hard to believe that an approach to procurement can be considered sexy, but I suspect that there's something of that charm for managements to declare its strategic sourcing program in a "me too" kind of way. Is that possibly a strategy of its own?
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