What Is Strategic Sourcing

Unlocking Savings Opportunities

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Expansion inevitably means the emergence of new needs and with those needs come more suppliers. As the list grows it becomes more and more difficult to recognize who has the best price on the products you need. Which is why knowing "what is strategic sourcing" is important - and using that knowledge to extend spend management across your organization could be vital to your success.

Accessible via the cloud, Coupa's unified strategic sourcing process provides the visibility and insight necessary to choose the right supplier for your purchases. Coupa Sourcing provides additional access to sourcing opportunities and even alerts you to those that might work for you. And with Coupa Guided Buying, even more savings are realized when employees are steered towards the right supplier. But the benefits don't stop there. Strategic sourcing with Coupa provides:

  • Ease-of-use - allowing employees to realize more savings with an intuitive platform
  • Connectivity - connecting sourcing to buying for organization-wide savings
  • Insight - real-time visibility into spending habits

The question of "what is strategic sourcing" should lead you to a comprehensive approach to optimizing your limited resources. And that's exactly what Coupa Sourcing does. See how Coupa can help you address your spend and start realizing true savings. Download our Sourcing whitepaper for more details.


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