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10 hilariously insightful foreign words. The primary concept of strategic procurement is that through advanced planning, scheduling, and group buying initiatives, a firm can experience significant cost savings.0 hilariously insightful foreign words. The primary concept of strategic procurement is that through advanced planning, scheduling, and group buying initiatives, a firm can experience significant cost savings.
There are numerous definitions of Strategic Sourcing. Most of these definitions are unhelpful, using either academic of management consultants pseudo-intellectual language to explain what is a straightforward, but important, concept.ithout a strategic approach, no overall view of the sourcing costs and efficiency is taken and the profits of the business are effected. Strategy Sourcing is an approach to procurement whereby the business needs of the organization are matched with the supplier market.