Procurement is vital to the success of any business. Within this, strategic sourcing is a critical component for finding cost-saving opportunities and enhancing efficiency by optimising the supplier base.

The platforms listed in our top 10 are tools that can help businesses leverage their purchasing power to achieve the best-possible value when it comes to cost, quality and delivery.

This involves a comprehensive analysis of an organisation’s spending patterns, supplier market conditions and procurement needs to develop and implement long-term strategies for acquiring goods and services.

Read the full article on Procurement Magazine here.