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Strategic Sourcing Optimization

Icon: Strategic Sourcing Optimization

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.

SmartPROCUREMENT™ – Vendor Bid Selection OptimizationLearn More

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SmartSTANDARDS™ – Data Management & Standardization Learn More

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