Post-COVID-19 Implications for Global Supply Chain Management: Part III A proper strategic sourcing approach is grounded in microeconomic principles and designed to reduce costs for both parties in the long-term.Here are a few more final key steps:Perform disaggregated analysis on bidding data: A bidding process or request for proposal (RFP) is the main source of data and can be quite complex. Read more Like this? Please share Share this content Opens in a new window Opens in a new window Opens in a new window You Might Also Like Post-COVID-19 Implications for Global Supply Chain Management: Part I January 7, 2021 Strategic Sourcing and Supply Chain Management in a post-COVID World January 7, 2021 Post-COVID-19 Implications for Global Supply Chain Management: Part II January 7, 2021