• OMB Implements Strategic Sourcing
  • June 7, 2005 | Author: Robert G. Fryling
  • Law Firm: Blank Rome LLP - Philadelphia Office
  • The Office of Management and Budget (OMB) has directed agencies to leverage the government's buying power by applying strategic sourcing principles to acquisitions. Strategic sourcing is the collaborative and structured process of analyzing an organization's spending and using the information to develop strategies that reduce the purchase price for goods.