Strategic Sourcing Manager Career Path Guide

A Strategic Sourcing Manager drives an organization’s procurement strategy by identifying, evaluating, and selecting suppliers to secure high-quality goods and services at competitive prices. This role balances cost optimization with risk management, supplier relationship development, and market intelligence to ensure seamless supply chains that align with corporate goals and sustainability initiatives.

7%

growth rate

$112,500

median salary

remote-friendly

πŸ“ˆ Market Demand

Low
High
High

The demand is currently high, driven by the growth of e-commerce, global supply chain complexities, and increasing corporate focus on cost optimization and sustainability initiatives.

πŸ‡ΊπŸ‡Έ Annual Salary (US, USD)

85,000β€”140,000
Median: $112,500
Entry-Level
$93,250
Mid-Level
$112,500
Senior-Level
$131,750

Top 10% of earners in this field can expect salaries starting from $140,000+ per year, especially with specialized skills in high-demand areas.

Core Functions of the Strategic Sourcing Manager Role

Strategic Sourcing Managers occupy a pivotal space within procurement and supply chain functions, focusing on designing and executing sourcing strategies that optimize value and reduce total cost of ownership. Their responsibilities stretch far beyond simple purchasing; they delve into deep market analysis, supplier risk assessment, contract negotiation, and long-term planning. By leveraging data and industry insights, they pinpoint opportunities for cost savings while supporting innovation and quality improvements.

Cross-functional collaboration is central to this role. Strategic Sourcing Managers work closely with finance, operations, legal, and engineering teams to comprehend organizational needs deeply and translate these into actionable supplier engagement plans. Managing supplier relationships is another core element, encompassing performance monitoring, compliance audits, and fostering partnerships that can adapt to evolving business demands.

The role demands a global mindset, especially for multinational organizations sourcing from diverse geographic regions. With supply chain disruptions and geopolitical shifts becoming more frequent, Strategic Sourcing Managers need agility and foresight to mitigate risks related to tariffs, logistics delays, or supplier bankruptcies. Their success hinges on cultivating a robust supplier ecosystem that balances cost efficiency, innovation, ethical sourcing, and sustainability targets.

Moreover, digital tools and data analytics increasingly underpin all facets of strategic sourcing. Advanced procurement technologies such as e-sourcing platforms, spend analytics, and supplier management systems empower these managers to make data-driven decisions, automate routine tasks, and identify emerging market trends. The role is evolving rapidly with digital transformation driving efficiency and transparency in sourcing activities.

Key Responsibilities

  • Develop and implement strategic sourcing plans aligned with overall business objectives.
  • Conduct comprehensive market research and supplier analysis to identify optimal sourcing options.
  • Lead negotiations with suppliers to secure cost-effective contracts and favorable terms.
  • Manage supplier relationships, including performance evaluations and continuous improvement initiatives.
  • Collaborate cross-functionally with finance, legal, operations, and product teams to ensure seamless procurement integration.
  • Analyze spend data and sourcing outcomes to identify cost savings and efficiency opportunities.
  • Monitor global market trends, geopolitical risks, and regulatory changes impacting sourcing activities.
  • Oversee supplier risk management processes to prevent supply disruption and ensure compliance.
  • Drive initiatives around supplier diversity, sustainability, and ethical sourcing practices.
  • Manage and optimize procurement tools and technology platforms for strategic sourcing.
  • Prepare detailed reports and presentations for senior leadership to guide sourcing decisions.
  • Coordinate with logistics and supply chain teams to ensure supply continuity and inventory optimization.
  • Lead contract development, review, and renewal processes with legal oversight.
  • Benchmark sourcing performance against industry standards and competitors.
  • Coach and mentor junior sourcing professionals and foster a culture of continuous improvement.

Work Setting

Strategic Sourcing Managers primarily work in corporate office settings, often within procurement or supply chain departments. A standard workweek involves a mix of individual analysis, cross-departmental meetings, and frequent supplier interactions via video calls or on-site visits. Dynamics can be fast-paced, particularly when managing critical supplier contracts or navigating supply chain disruptions. Flexibility is often needed to accommodate global supplier time zones and urgent sourcing issues. Collaborative environments prevail, requiring strong communication skills and the ability to influence multiple stakeholders across functions. Increasingly, many organizations incorporate digital platforms that allow Strategic Sourcing Managers to work in hybrid modes, balancing remote work with in-office collaboration. Travel may be necessary depending on supplier locations and procurement scope, particularly in global firms or industries such as manufacturing, retail, technology, and healthcare.

Tech Stack

  • SAP Ariba
  • Coupa Procurement Software
  • Oracle Procurement Cloud
  • Jaggaer
  • Jaggaer Advantage
  • Microsoft Excel (Advanced)
  • Tableau
  • Power BI
  • Spend Analytics Platforms
  • E-sourcing and E-auction Platforms
  • Contract Lifecycle Management Software
  • Supplier Relationship Management (SRM) Tools
  • ERP Systems (SAP, Oracle, Microsoft Dynamics)
  • Negotiation Simulation Software
  • Data Visualization Tools
  • Procurement Dashboards
  • Risk Management Tools
  • Sustainability Tracking Software
  • Compliance Management Systems
  • Collaboration Platforms (Microsoft Teams, Slack)

Skills and Qualifications

Education Level

Most Strategic Sourcing Manager positions require at least a bachelor's degree in business administration, supply chain management, logistics, finance, or related fields. A solid educational foundation provides the analytical, financial, and managerial knowledge needed to navigate complex sourcing landscapes. Leading firms often prefer candidates holding specialized certifications that validate expertise in procurement processes and strategic sourcing methodologies, such as Certified Professional in Supply Management (CPSM) or Certified Supply Chain Professional (CSCP).

Graduate degrees, like an MBA with a supply chain or procurement focus, can further enhance career prospects and equip managers with strategic thinking and leadership skills critical for senior roles. Beyond formal education, ongoing professional development through workshops, seminars, and e-learning platforms is vital. Because sourcing environments evolve with global market conditions and digital tools, keeping abreast of trends and technologies is essential for sustained success in the role.

Tech Skills

  • Spend Analysis and Management
  • Supplier Risk Assessment
  • Contract Negotiation
  • Market and Industry Research
  • Cost Modeling and Total Cost of Ownership (TCO) Analysis
  • Supplier Performance Metrics
  • E-Sourcing and Auction Management
  • Enterprise Resource Planning (ERP) Software
  • Data Analytics and Visualization
  • Procurement Compliance and Audit
  • Supplier Relationship Management (SRM)
  • Financial Acumen and Budgeting
  • Sustainability and Ethical Sourcing
  • Project Management Tools (e.g., MS Project, Asana)
  • Legal and Contractual Knowledge
  • Forecasting and Demand Planning
  • Change Management
  • Supplier Diversity Program Implementation

Soft Abilities

  • Negotiation and Persuasion
  • Critical Thinking and Problem Solving
  • Effective Communication (Verbal and Written)
  • Collaboration and Teamwork
  • Adaptability and Resilience
  • Time Management and Prioritization
  • Leadership and People Management
  • Emotional Intelligence
  • Strategic Vision and Innovation
  • Decision-Making under Pressure

Path to Strategic Sourcing Manager

Building a career as a Strategic Sourcing Manager typically starts with obtaining a relevant bachelor's degree in business, supply chain management, finance, or a related discipline. Entry-level positions such as procurement analyst, purchasing agent, or sourcing coordinator offer valuable hands-on experience with purchasing activities, supplier interaction, and spend analysis. These roles serve as foundational steps to grasp the core principles of procurement and sourcing.

Gaining practical experience with procurement software and engaging in cross-functional projects helps deepen understanding of sourcing complexities. Pursuing certifications like CPSM or CSCP boosts credibility and knowledge in supply chain best practices. Networking within professional associations and attending industry conferences expands exposure to market insights and thought leadership.

Advancement to Strategic Sourcing Manager often requires several years of progressively challenging roles demonstrating expertise in supplier negotiations, cost-saving initiatives, and strategic planning. Strong analytical capabilities combined with business acumen set future managers apart. Continuous learning about emerging procurement technologies, supplier trends, and global market dynamics is essential to maintain competitive advantage.

Developing complementary skills such as stakeholder management, contract law basics, and sustainability knowledge also contribute to success. Demonstrating leadership potential through mentoring junior staff or leading process improvement initiatives can accelerate career progression. Organizations value candidates who balance tactical proficiency with strategic vision and the ability to navigate complexity effectively.

Required Education

Relevant educational paths typically begin with a bachelor's degree in supply chain management, business administration, procurement, logistics, or finance. Coursework often covers procurement principles, contract management, operations management, financial accounting, and negotiation techniques. Many universities now offer specialized programs or concentrations directly focused on strategic sourcing and supply chain strategy.

Professional certifications add significant value by standardizing knowledge and demonstrating expertise. The Institute for Supply Management’s Certified Professional in Supply Management (CPSM) is highly regarded globally. It validates skills in strategic sourcing, supplier relationship management, and leadership. APICS’s Certified Supply Chain Professional (CSCP) is another popular choice, emphasizing end-to-end supply chain management

Training programs increasingly focus on digital proficiency with tools like SAP Ariba and Coupa, as procurement becomes more data-driven and reliant on e-sourcing platforms. Short courses in negotiation, contract law, risk management, and sustainability practices complement formal degrees. Industry workshops and seminars provide access to current market trends and networking opportunities.

Continuous development via online platforms such as LinkedIn Learning, Coursera, and supply chain-specific education hubs helps professionals stay updated on innovations such as AI in procurement, supplier diversity programs, and ethical sourcing frameworks. Some organizations invest in immersive internal training programs to groom future strategic sourcing leaders, combining classroom instruction with real-world project experience.

Career Path Tiers

Junior Sourcing Specialist

Experience: 0-2 years

As an entry-level role in strategic sourcing, Junior Sourcing Specialists focus on supporting senior team members through data collection, supplier research, and purchase order administration. Responsibilities include assisting in routine supplier communications, mapping spend data, and participating in simple negotiation scenarios under supervision. Emphasis is placed on learning fundamental procurement processes, tools, and gaining exposure to contract terms and compliance requirements. This tier expects developing analytical skills, attention to detail, and effective communication.

Strategic Sourcing Manager

Experience: 3-7 years

Mid-level professionals lead category-specific sourcing strategies independently, managing supplier selection, negotiation, and relationship development. They analyze spend and market data to identify opportunities for cost savings and innovation while collaborating closely with cross-functional teams. Managers are responsible for implementing sustainable sourcing initiatives and mitigating risks in supply chains. Leadership skills grow as they may supervise junior staff and initiate process improvements to enhance procurement efficiency.

Senior Strategic Sourcing Manager

Experience: 7-12 years

This tier handles complex, high-value sourcing projects across multiple categories or regions. Senior Managers cultivate strategic supplier partnerships, influence organizational sourcing policies, and guide the integration of new procurement technologies. They engage with executive leadership to align sourcing strategies with corporate objectives and sustainability goals. Their role expands into mentoring teams, championing supplier diversity programs, and managing supplier risk at a portfolio level.

Director of Strategic Sourcing

Experience: 12+ years

Directors oversee entire strategic sourcing functions, setting vision and policies at a corporate or divisional level. They lead large teams, manage multi-billion-dollar spend portfolios, and collaborate globally to drive procurement transformation initiatives. Directors act as key stakeholders in supply chain innovation, digital adoption, and sustainability integration. Their work involves high-level negotiations, regulatory compliance oversight, and executive reporting to ensure sourcing supports long-term business resilience.

Global Outlook

Global demand for Strategic Sourcing Managers continues to expand as businesses across regions recognize the critical role of procurement in competitiveness and risk mitigation. North America remains a strong market due to the concentration of multinational corporations and advanced supply chain infrastructures. The United States and Canada host numerous opportunities in technology, manufacturing, and healthcare sectors, prized for their complex sourcing needs.

Europe offers diverse prospects, especially in Germany, the UK, and the Netherlands, driven by automotive, pharmaceuticals, and consumer goods industries with sophisticated procurement ecosystems. Compliance with stringent EU regulations and sustainability mandates necessitate strategic sourcing leadership.

Asia Pacific is a vibrant growth region fueled by rapid industrialization, expanding middle-class markets, and expansive supplier networks primarily in China, India, Japan, and Singapore. Sourcing managers here navigate supply chain complexities involving multiple emerging economies and regulatory environments.

Latin America and the Middle East present emerging opportunities as companies expand operations and supply chains diversify globally. Understanding local market nuances and geopolitical risks is crucial in these areas. Roles increasingly require cultural intelligence and multilingual communication skills to manage cross-border supplier relationships effectively.

The onset of digital procurement platforms and global supply chain disruptions, such as COVID-19, have further heightened the importance of seasoned Strategic Sourcing Managers worldwide. Organizations are globally seeking professionals capable of driving resilient sourcing strategies that leverage innovation and sustainable practices.

Job Market Today

Role Challenges

The strategic sourcing landscape is currently challenged by ongoing supply chain disruptions triggered by geopolitical tensions, pandemics, and raw material shortages. Managers face intense pressure to balance cost reduction with supply continuity and quality assurance amid volatile markets. Digital transformation introduces both opportunities and hurdles; mastering new procurement technologies while managing change within teams can be demanding. Furthermore, sustainability regulations and ethical sourcing requirements add layers of complexity to supplier evaluation and contracting processes. Talent shortages and evolving global trade policies require sourcing leaders to remain agile and continuously update their knowledge to anticipate risks effectively.

Growth Paths

Organizations increasingly view strategic sourcing as a driver of competitive advantage rather than just a cost center. There is growing investment in procurement digitization, AI-driven spend analytics, and supplier collaboration platforms, creating roles that demand both technical acumen and strategic insight. Sustainability and supplier diversity initiatives are opening new focus areas, allowing sourcing managers to lead transformative projects aligned with corporate social responsibility goals. Additionally, globalization and multi-sourcing models drive demand for professionals capable of managing sophisticated global supply chains and mitigating geopolitical risks, thus expanding career growth and influence.

Industry Trends

Current trends reshape strategic sourcing around digital integration, sustainability, and agile supplier ecosystems. Automated e-sourcing and contract management tools streamline routine tasks, freeing managers to focus on strategic analysis. Data-driven predictive analytics enable proactive risk management and smarter decision-making. Circular economy principles encourage sourcing innovation oriented toward reuse and minimization of environmental impact. Further adoption of supplier diversity and inclusion programs reflects evolving corporate values and compliance standards. Collaborative supplier innovation partnerships, rather than transactional relationships, become the new norm as organizations seek value beyond price reduction. The role now demands a blend of technological savvy, strategic mindset, and social responsibility.

A Day in the Life

Morning (9:00 AM - 12:00 PM)

Focus: Data Analysis & Market Research
  • Review overnight updates on market trends and supplier news.
  • Analyze spend reports using BI tools to identify cost-saving opportunities.
  • Prepare supplier risk assessments and compliance documentation.
  • Participate in cross-functional meetings to align sourcing plans with product launches.

Afternoon (12:00 PM - 3:00 PM)

Focus: Supplier Negotiations & Relationship Management
  • Conduct virtual or in-person negotiation sessions with suppliers.
  • Review and update contract terms with legal support.
  • Evaluate supplier performance metrics and initiate corrective action plans.
  • Collaborate with sustainability team to assess environmental impact of sourcing options.

Late Afternoon (3:00 PM - 6:00 PM)

Focus: Strategic Planning & Reporting
  • Develop category sourcing strategies and roadmap documentation.
  • Prepare executive summaries and presentations on sourcing initiatives.
  • Mentor junior sourcing team members and facilitate knowledge sharing.
  • Coordinate with logistics and inventory control on supply continuity plans.

Work-Life Balance & Stress

Stress Level: Moderate to High

Balance Rating: Challenging

The role can be demanding due to frequent deadlines, complex negotiations, and the necessity of managing global supplier relationships across time zones. Unexpected supply chain disruptions or urgent procurement needs can increase stress. Despite the intensity, many organizations support flexible working arrangements, and digital tools help improve efficiency. Achieving a healthy balance requires strong time management and boundary setting, especially when dealing with multi-stakeholder demands and travel commitments.

Skill Map

This map outlines the core competencies and areas for growth in this profession, showing how foundational skills lead to specialized expertise.

Foundational Skills

Core capabilities essential for any Strategic Sourcing Manager to operate effectively in procurement environments.

  • Spend Analysis
  • Supplier Evaluation & Selection
  • Basic Contract Management
  • Market Research Techniques
  • Negotiation Fundamentals

Advanced Strategic Competencies

Specialized expertise that enables sourcing leaders to optimize complex supply chains and drive organizational value.

  • Total Cost of Ownership (TCO) Modeling
  • Supplier Risk Management
  • Sustainability and Ethical Sourcing Practices
  • Global Sourcing Strategies
  • Cross-functional Leadership

Technology and Analytical Tools

Proficiency in digital platforms and tools that support data-driven and automated procurement processes.

  • E-Sourcing Platforms (SAP Ariba, Coupa)
  • Spend Analytics Tools (Tableau, Power BI)
  • ERP Software (Oracle, SAP)
  • Contract Lifecycle Management Systems
  • Supplier Relationship Management (SRM) Systems

Professional Soft Skills

Critical interpersonal and cognitive abilities that enhance efficiency and stakeholder cooperation.

  • Effective Communication and Presentation
  • Negotiation and Influence
  • Problem Solving and Critical Thinking
  • Emotional Intelligence
  • Time Management and Organization

Pros & Cons for Strategic Sourcing Manager

βœ… Pros

  • Opportunity to impact organizational profitability through strategic supplier decisions.
  • Exposure to global markets and diverse supplier ecosystems.
  • Ability to drive sustainability and ethical sourcing within corporations.
  • Use of cutting-edge procurement technologies and analytics tools.
  • Career growth potential into senior supply chain or executive leadership.
  • Engagement in complex problem-solving and negotiation exercises.

❌ Cons

  • High stress due to supplier risk and contract pressure.
  • Demanding deadlines and responsibility for costly decisions.
  • Complex coordination across multiple stakeholders and time zones.
  • Need for continuous learning to keep up with digital and market changes.
  • Occasional requirement for travel that can disrupt work-life balance.
  • Management of conflicting interests between cost, quality, and compliance.

Common Mistakes of Beginners

  • Focusing too much on upfront price instead of total cost of ownership.
  • Neglecting supplier risk and compliance checks during selection.
  • Underestimating the importance of cross-functional collaboration.
  • Inadequate preparation before supplier negotiations.
  • Ignoring the value of supplier relationship management post-contract.
  • Overlooking sustainability and ethical considerations in sourcing.
  • Relying too heavily on manual processes without leveraging technology.
  • Failing to communicate effectively with both internal teams and suppliers.

Contextual Advice

  • Develop a strong understanding of market dynamics and supplier landscapes early on.
  • Invest time in mastering procurement technologies to increase efficiency.
  • Build robust relationships with both internal stakeholders and external suppliers.
  • Always consider the long-term total cost and risks, not just the immediate price.
  • Champion sustainability and ethical sourcing in your projects to create added value.
  • Enhance negotiation skills through formal training and real-world practice.
  • Stay adaptable and ready to pivot sourcing plans in response to market changes.
  • Seek mentorship and leadership opportunities to accelerate career growth.

Examples and Case Studies

Transforming Supply Chain Resilience for a Global Electronics Firm

A Strategic Sourcing Manager led a comprehensive supplier diversification project in response to semiconductor shortages. By identifying alternative qualified suppliers in different regions and negotiating flexible contracts, the firm reduced dependence on a single source. The initiative included comprehensive risk assessment and integration of digital supplier monitoring tools. This project improved supply continuity by 30% during market disruptions and reduced costs by 12%.

Key Takeaway: Proactive supplier diversification coupled with technology adoption significantly increases supply chain resilience and bargaining power.

Driving Sustainability in Packaging Sourcing for a Consumer Goods Company

This case involved the Strategic Sourcing Manager spearheading a transition to sustainable packaging by collaborating with innovative suppliers offering recyclable and biodegradable materials. The sourcing strategy aligned with corporate sustainability goals and achieved a 25% reduction in carbon footprint related to packaging. Close partnership with R&D and marketing ensured product quality and branding consistency while meeting regulatory standards.

Key Takeaway: Strategic sourcing can be a powerful lever for sustainability initiatives, requiring cross-functional collaboration and supplier innovation.

Implementing an E-Sourcing Platform to Streamline Procurement Processes

Faced with inefficient manual sourcing processes, a strategic sourcing team implemented an industry-leading e-sourcing platform to automate RFx requests and supplier evaluations. The new system reduced cycle times by 40%, enhanced data transparency, and facilitated competitive bidding across multiple categories. Employee training and change management ensured smooth adoption and high user engagement across departments.

Key Takeaway: Investing in digital procurement tools paired with strong change management improves efficiency and decision quality dramatically.

Negotiating Multi-Year Contracts to Secure Cost and Quality Advantages in Automotive Parts

The Strategic Sourcing Manager negotiated multi-year agreements with key automotive suppliers ensuring stable pricing despite material cost volatility. The contracts included clauses for continuous improvement, quality performance incentives, and supply security measures. This approach stabilized production costs and strengthened supplier collaboration, enabling timely innovation and product development.

Key Takeaway: Long-term strategic contracts with clear performance metrics can create win-win partnerships that enhance value beyond pricing.

Portfolio Tips

Though Strategic Sourcing Managers may not traditionally maintain visual portfolios like designers or developers, constructing a professional portfolio highlighting key achievements can dramatically boost career opportunities. This portfolio should include detailed case studies of sourcing projects with measurable outcomes, such as cost savings percentages, risk mitigation initiatives, or sustainability improvements. Supporting documents could include spend analysis reports, negotiation success summaries, supplier relationship development examples, and digital tool proficiency certifications.

Showcasing your ability to lead complex sourcing strategies, influence organizational change, and adopt new technologies positions you as a forward-thinking professional. Incorporate testimonials or endorsements from cross-functional colleagues and suppliers to attest to your collaboration skills. Infographics or dashboards that visualize improvements in procurement KPIs provide compelling evidence of impact. Regularly update your portfolio to demonstrate continuous learning and adaptability.

An effective portfolio can be shared during interviews, networking events, or as part of internal promotion applications, differentiating you in a competitive field.

Job Outlook & Related Roles

Growth Rate: 7%
Status: Growing faster than average
Source: U.S. Bureau of Labor Statistics

Related Roles

Frequently Asked Questions

What is the difference between strategic sourcing and traditional purchasing?

Strategic sourcing focuses on long-term supplier relationships, market analysis, and total cost management beyond just the transaction price. It involves cross-functional collaboration, risk assessment, and value optimization. Traditional purchasing typically refers to transactional activities aimed at fulfilling immediate procurement needs with less emphasis on long-term strategy.

Which industries have the highest demand for Strategic Sourcing Managers?

Industries such as manufacturing, automotive, consumer goods, healthcare, technology, and retail experience significant demand due to their complex global supply chains and continual cost optimization needs. Growing emphasis on sustainability and innovation further expands sourcing roles in these sectors.

What certifications are most valuable for a Strategic Sourcing Manager?

The Certified Professional in Supply Management (CPSM) from ISM and APICS’s Certified Supply Chain Professional (CSCP) are highly respected. Other relevant credentials include Certified Professional in Supplier Diversity (CPSD), Six Sigma Green Belt for process improvement, and negotiation-specific certifications.

How important is technology proficiency in this role?

Technology proficiency is increasingly critical as procurement adopts digital solutions for spend analysis, e-sourcing, contract management, and supplier performance monitoring. Familiarity with ERP systems and analytical tools significantly improves sourcing effectiveness and decision-making speed.

What soft skills are essential for success as a Strategic Sourcing Manager?

Strong negotiation, communication, problem-solving, adaptability, and leadership skills are vital. The role requires the ability to collaborate across functions, influence stakeholders positively, and manage pressure during complex contract negotiations.

Can Strategic Sourcing Managers work remotely?

While many strategic sourcing activities can be conducted remotely due to digital tools and communication platforms, occasional travel and in-person supplier or team meetings are often necessary. The degree of remote work flexibility depends on the specific organization and industry.

How does sustainability impact strategic sourcing?

Sustainability impacts sourcing by integrating environmental and social criteria into supplier selection and contract terms. Managers must evaluate supplier practices, material sourcing, and lifecycle impacts to align with corporate social responsibility goals and comply with regulations.

What career advancement opportunities exist for Strategic Sourcing Managers?

Career paths can progress to senior management, such as Senior Strategic Sourcing Manager, Procurement Director, or Chief Procurement Officer (CPO). Opportunities also exist to transition into broader supply chain leadership or operations roles.

How do Strategic Sourcing Managers handle supplier risk?

They conduct thorough risk assessments including financial stability, compliance, geopolitical exposure, and operational reliability. Risk mitigation strategies include supplier diversification, contingency planning, and ongoing performance monitoring.

What typical challenges do beginners face in strategic sourcing?

Beginners often struggle with overly focusing on price at the expense of quality, inadequate negotiation preparation, weak cross-functional communication, underutilization of procurement technology, and limited understanding of supplier risk and sustainability issues.

Sources & References

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