Strategic sourcing is the collaborative and structured process of critically analyzing an organization’s spending and using this information to make business decisions about acquiring commodities and services more effectively and efficiently. This process helps the Department optimize performance, minimize price, increase achievement of socio-economic acquisition goals, evaluate total life cycle management costs, improve vendor access to business opportunities, and otherwise increase the value of each dollar spent. Strategic sourcing is a proven best practice and reflects how the Department acquires goods and services.
- Coordinate with DoD Components and Other Defense Agencies
- Foster a Culture of Strategic Decision-Making with respect to acquisition of commodities and services
- Leverage information technology systems to increase enterprise-wide awareness of contract spend data
- Develop, train, and organize the DoD acquisition enterprise to effectively execute strategic sourcing initiatives