In the current global economic scenario, sourcing and procurement processes have assumed strategic operational significance for gloval organisations. An overhaul of sourcing and procurement systems has the potential to entirely transform supply chains—consequently, sourcing strategy transformation and strategic procurement processes have become crucial factors in designing business strategies across several corporate segments, such as cost reduction, green initiatives, and risk mitigation. Leveraged correctly, intelligent supply chains, driven by the best-in-class sourcing strategy, proves to be a major industry differentiator. Advanced sourcing tools such as e-Sourcing streamlines procurement processes and the larger supply chain by unifying multiple vendors and partners on one platform. By deploying strategic digital tools like e-Sourcing, firms can optimize their procurement management practices.