The collection of processes associated with establishing supplier relationships for materials, semi-finished products, finished products and services in support of planned demand. Strategic Sourcing supports materials, semi-finished products and products forSource-to-ReplenishandSource-to-Orderprocesses.Source-to-Engineering-Ordergenerally develops supplier relationships directly.
Additionally strategic sourcing is applicable to outsourcing of parts of a business processes, see:Outsourcing.