Strategic Sourcing is an approach to supply chain management that rationalizes and improves the procurement activities of an organization with the use of tools, techniques and data analytics to find the best value. The strategic sourcing or strategic procurement process includes spend analysis, market & supplier analysis combined with effective sourcing, contracting and negotiating terms to form the ideal supplier base for an organisation. MeRLIN strategic sourcing solution can simplify the complexities associated with strategic procurement through extensive automation through global sourcing and out-of-the box analytics that improve decision making.
