The world around us has dramatically changed over a short period of time, causing several organizations to rethink their sourcing operations in what is considered the new normal. Businesses that outsource products and materials are in a particularly difficult situation, especially for those organizations that have a single source of supply. Quickly finding the right suppliers to partner with, sourcing quality products, mitigating supplier risk will become greater priorities to continue growth and avoid any potential damages. Below are some of the ways how implementing a sourcing solution, such as Oracle Sourcing Cloud, can help your organization streamline your negotiations, reduce supplier risk and increase savings.