Skin ADV


Deselect Platform Choice
 
Australia
Belgium
China
France
Germany
Greece
India
Ireland
Italy
Kuwait
Luxembourg
Netherlands
New Zealand
Portugal
Spain
Sweden
Switzerland
United Arab Emirates
United Kingdom
United States
  SCM Portal
Demand & Supply Chain Management Evolution
eng  
News | Associations | Education | Job | Agenda | Topics | Insight | Resources

Supply Chain Glossary

Glossary > S > Sourcing Strategy  

 

Sourcing Strategy


Source: Procurement Glossary
Author: Paul Rogers
Institute: CIPS - UK

Courtesy of


 

A planned approach to sourcing over time.  There are a variety of different strategies that organisations may adopt in respect of sourcing goods and services. The selection of the strategy will depend on the particular circumstances of each acquisition such as the value of spend, risk in the category and the supply market character. Below is a non-exhaustive selection of possible sourcing strategies:

Crowd sourcing Sourcing from within a community of potential suppliers leveraging web 2.0 technologies
Dual sourcing Sourcing from two suppliers simultaneously with, for example, 40% of the business to one supplier and 60% to the other supplier
Ethical sourcing Sourcing from suppliers who observe minimum social, ethical or environmental standards
Global sourcing Sourcing from best value suppliers irrespective of their geographical location
Insourcing Sourcing from internal service providers
Low cost country sourcing Sourcing from suppliers located in economies which enjoy low factor costs such as labour
Multiple sourcing Sourcing from multiple suppliers, for example through a panel contract; different sources may be used at different times, though the business may not be deliberately split to ensure each supplier gets an equal share
Outsourcing The migration of activities previously delivered in-house to an external service provider
Single sourcing Sourcing exclusively from one supplier, although there may be other potential suppliers in the market
Sole sourcing Sourcing exclusively from one supplier as there are technical, design or patent reasons that there is only one suitable source

 

 

 

 

 




Chemicals & Pharmaceuticals

Even industries driven by the strictest safety and environmental regulations are capable of reducing their costs. Our solutions improve each phase of the chemical logistics supply chain, to increase your supply chain performance, improve predictability and mitigate potential problems before they arise. B...




Rethinking Supply in Food and Beverage


Global pressures on the food and beverage industry will only increase in coming years. More strategic supplier relationships will ensure you are ready for the changes.Amid rapidly transforming supply-and-demand pressures...



PPG INDUSTRIES, LTD.


Company Established in 1883, PPG Industries manufactures protective and decorative coatings, sealants, adhesives, metal pretreatment products, flat glass, fabricated glass, continuous-strand fiberglass products, and...