The objective of strategic sourcing is to create centralized commodity management while permitting local contract execution in order to generate cost savings, purchasing efficiency, and to promote standardization. Commodity management is simply deciding where and how any given service, piece of equipment, or item of supply is acquired. In addition to commodity management, other important terms in strategic sourcing are “fragmented buying activity,” “aggregation of demand,” “vendor consolidation,” and “distributed ordering.” I’ll explain them below, while we take a look at the strategic sourcing process.

CONTENTS

Legal Counsel

Acquisition Management

Medical Equipment and Logistics Support

Operational Forces Support

Healthcare Services

Small Business Program

Public Affairs