Unique Skill ID: KS441066RHG2C3RQZLBC

Strategic Sourcing

Strategic sourcing is the process of identifying, selecting, and managing suppliers to obtain the best value for a company. It involves researching the market, negotiating contracts, and developing long-term relationships with suppliers. This specialized skill requires a deep understanding of the industry, knowledge of global markets, and the ability to navigate complex supplier relationships. The goal of strategic sourcing is to drive savings, increase efficiency, and improve the quality of goods and services for the company.

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This Skill is part of Lightcast Open Skills, a library of over 32,000 skills used by schools, communities, and businesses that has become the standard language.
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