The Tech Exec’s Essential Sourcing And Procurement Research

While sourcing and procurement are often used interchangeably, they refer to distinct parts of the supply chain management process. Sourcing is the process of identifying suppliers and assessing their capabilities to provide goods and services for a business. Procurement is the acquiring of goods and services required by a business from selected suppliers through engagement, negotiation, contracting, and monitoring performance. These functions diverge following the formation of a contract or the formal qualification of a selected supplier. This report provides an overview of Forrester’s reports on sourcing and procurement, enabling tech execs to leverage these functions for driving business outcomes.