Strategic, Sourcing, Optimization. Three words, each with a particular role in the contracting/purchasing and contract management process. Putting the three words together, Strategic Sourcing Optimization ties an organization’s overall aims to a source of achieving those aims in the most effective manner. These words are defined as:
- Strategic: relating to the identification of long-term or overall aims and interests and the means of achieving them
- Sourcing: a place, person or thing from which something comes or can be obtained
- Optimization: making the best or most effective use of (a situation, opportunity or resource)
Optime’s Strategic Sourcing Optimization Platform creates a methodology to achieve best practice sourcing in your organization. Optime’s tool set helps your organization design and implement a process that covers all the steps in the sourcing continuum.