ISO 25500-240:2026

OVERVIEW

This document describes the fundamental concepts and principles of strategic sourcing which are universally applicable to the following:

• organizations seeking to improve their onboarding process through a common understanding of the fundamental concepts, principles and vocabulary used in strategic sourcing;
• organizations seeking to improve the quality of the data they receive from their trading partners in order to establish confidence in their supply chain.

The following are within the scope of this document:

• stages of the strategic sourcing process;
• data required to support the strategic sourcing process;
• metadata and reference data required to support the strategic sourcing process.

The following are outside the scope of this document:

• data exchange technology;
• supplier evaluation methods and techniques.

COMMENTS

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