The act of choosing a supplier to fill a particular need. May be centralized in the customer's purchasing organization or may be decentralized in areas of usage or a combination of the two.
The process of managing external suppliers in order to commercialize, produce and deliver final products to our customers.
The management on purpose of the various origins of products or materials on behalf of the recipient of these products or materials. In some industries sourcing is seen as the change from push to pull delivery for a number of fast moving items. Within P&O Nedlloyd sourcing is specially dedicated to the retail industry acting as an intermediary between suppliers and the market with an integrated service for e.g. supermarkets or large department stores.
The management on purpose of the various origins of products or materials on behalf of the recipient of these products or materials. In some industries sourcing is seen as the change from push to pull delivery for a number of fast moving items. Trans Misr sourcing is dedicated to its clients acting as an intermediary between suppliers and the freight market with an integrated services, a full logistics chain.
The process of identifying potential suppliers of specified services or goods.
Describes the process of finding the supplier that has the best price/performance ratio by relying on methods such as electronic RFQ and reverse auction.
Stock appreciation right Supplier capability analysis