Glossary

What is Strategic Sourcing?

Why Strategic Sourcing is essential

Strategic Sourcing is the structured approach to managing suppliers and procurement in a way that delivers long-term value. Unlike traditional cost-cutting, it emphasizes data-driven decision-making, supplier collaboration, and sustainability. By connecting Supplier Data Management, Procurement Master Data, and MRO Procurement, organizations ensure accurate, reliable, and scalable sourcing strategies.

Key benefits of Strategic Sourcing

How Sharecat enables Strategic Sourcing

At Sharecat, we support Strategic Sourcing by providing trusted data foundations. With Master Data Governance, ERP Data Quality, and Data Cleansing services, we ensure procurement teams have access to accurate, standardized, and actionable data. This helps organizations reduce risks, increase savings, and achieve resilient sourcing outcomes.