The economic downturn will impact organizations in 2023. Across the board, departments will be asked to rein in spending to adjust to this new normal. Sourcing leaders with a plan in place for strategically tightening or even reducing spending on services will be in a credible position to defend the areas of the services budget that they can’t cut without risk to the business. This report provides sourcing insights, vendor selection criteria, and vendor management tactics and strategies to succeed in this challenging environment.