1.0Cataligenthttps://cataligent.in/blogcat_admin_usrhttps://cataligent.in/blog/author/cat_admin_usr/rich600338<blockquote class="wp-embedded-content" data-secret="Qo0hYkAz6c"><a href="https://cataligent.in/blog/cost-saving-strategies/what-is-strategic-sourcing/">What is Strategic Sourcing?</a></blockquote><iframe sandbox="allow-scripts" security="restricted" src="https://cataligent.in/blog/cost-saving-strategies/what-is-strategic-sourcing/embed/#?secret=Qo0hYkAz6c" width="600" height="338" title="“What is Strategic Sourcing?” — Cataligent" data-secret="Qo0hYkAz6c" frameborder="0" marginwidth="0" marginheight="0" scrolling="no" class="wp-embedded-content"></iframe><script> /*! This file is auto-generated */ !function(d,l){"use strict";l.querySelector&&d.addEventListener&&"undefined"!=typeof URL&&(d.wp=d.wp||{},d.wp.receiveEmbedMessage||(d.wp.receiveEmbedMessage=function(e){var t=e.data;if((t||t.secret||t.message||t.value)&&!/[^a-zA-Z0-9]/.test(t.secret)){for(var s,r,n,a=l.querySelectorAll('iframe[data-secret="'+t.secret+'"]'),o=l.querySelectorAll('blockquote[data-secret="'+t.secret+'"]'),c=new RegExp("^https?:$","i"),i=0;i<o.length;i++)o[i].style.display="none";for(i=0;i<a.length;i++)s=a[i],e.source===s.contentWindow&&(s.removeAttribute("style"),"height"===t.message?(1e3<(r=parseInt(t.value,10))?r=1e3:~~r<200&&(r=200),s.height=r):"link"===t.message&&(r=new URL(s.getAttribute("src")),n=new URL(t.value),c.test(n.protocol))&&n.host===r.host&&l.activeElement===s&&(d.top.location.href=t.value))}},d.addEventListener("message",d.wp.receiveEmbedMessage,!1),l.addEventListener("DOMContentLoaded",function(){for(var e,t,s=l.querySelectorAll("iframe.wp-embedded-content"),r=0;r<s.length;r++)(t=(e=s[r]).getAttribute("data-secret"))||(t=Math.random().toString(36).substring(2,12),e.src+="#?secret="+t,e.setAttribute("data-secret",t)),e.contentWindow.postMessage({message:"ready",secret:t},"*")},!1)))}(window,document); //# sourceURL=https://cataligent.in/blog/wp-includes/js/wp-embed.min.js </script> https://cataligent.in/blog/wp-content/uploads/2025/03/1.2.-Strategic-Sourcing-1024x576.png1024576Introduction Strategic sourcing is a systematic approach to procurement that focuses on optimizing supply chain processes, reducing costs, and building long-term supplier relationships. Unlike traditional purchasing, which prioritizes cost alone, strategic sourcing considers multiple factors such as quality, reliability, and sustainability. Key Benefits of Strategic Sourcing 1. Cost Optimization 2. Enhanced Supplier Relationships 3. Risk […]