What is Strategic Sourcing and Why It’s More Than Just “Buying Cheaper”
If procurement is “getting stuff bought,” strategic sourcing is “deciding the smartest way to buy it, from whom, and why.”
Why Maverick Spend is Costing More Than You Think
Let’s be honest. Every procurement team, no matter how polished their process documentation or how enthusiastic their sourcing strategy presentations, has a few “mavericks.”
You know who I mean — the lovable rebels who bypass the approved supplier list because they “just needed it quickly,” or the managers who swear they got a “great deal” by buying something with a corporate card and a wink.
At a glance, these little acts of procurement piracy can look harmless. After all, someone’s just getting paper for their printer, or ordering a “temporary” piece of equipment that stays around longer than most contracts.
But underneath that small transaction lies a big, costly problem known as maverick spend — and trust me, it’s draining more than just your budget.
