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Bookmark or Share- Strategic sourcing - WikipediaIn the services industry, strategic sourcing refers to a service solution, sometimes called a strategic partnership, which is specifically customized to meet the client's individual needs. In a production environment, it is often considered one component of supply chain management.
- Sourcing | CIPS - Chartered Institute of Procurement & SupplySourcing is the locating of products or services that are required for your organisation to operate. It’s about identifying your organisations needs and then deciding on the best suppliers to get the products or services from. The types of sourcing are listed below.
- A Complete Guide To Sourcing Processes [2024] - SimfoniIntroduction to Sourcing. Sourcing in procurement is defined as a process to find, evaluate, and engage suppliers based on set criteria to achieve cost savings and best value for goods and services at a price point & terms that give the required margin to positively affect the company’s bottom line.
- What Is Sourcing? | IBMIn its simplest form, sourcing is a transactional process that seeks out the best value, often provided by the supplier offering goods and services at the lowest price. Alternatively, when evaluating potential suppliers, strategic sourcing considers a company’s needs and long-term goals.
- What is Sourcing? Definition Explained | GEP GlossaryWhat is sourcing? Sourcing process includes every activity that revolves around identifying and assessing potential suppliers as well as selecting and engaging with an appropriate supplier who offers the best value.
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