Strategic Sourcing
Business/Legal Term
The collaborative and structured process of analyzing an organization's spending and using the information to make business decisions about acquisition commodities and services more effectively and efficiently.
Additional Info/Example:

You can locate information about PHMSA's Strategic Sourcing by visiting "Doing Business with PHMSA" and clicking "Governement Purchase Card." 

 

See Also:

Competitive Sourcing  (a different program with different aims)