Supply Chain Glossary

Glossary  >  S  >  Sourcing  


 

Sourcing


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

Courtesy of


 

Sourcing describes all those activities within the procurement process concerned with identifying and evaluating potential suppliers, engaging with selected suppliers and selecting the best value supplier(s).  The outcome of the sourcing process is usually a contract or arrangement that defines what is to be procured, on what terms and from which suppliers.  The phrase ‘strategic sourcing’ may be used to describe the application of the sourcing process to significant acquisitions, or the team that manages the sourcing process on behalf of the organisation.

The scope of the sourcing process usually includes the following key activities: understanding the need; evaluating the supply market; developing an appropriate strategy; executing that strategy, usually involving market interactions such as the issue of an RFP and/or negotiation; selecting supplier(s); and developing a contractual agreement.  See also Sourcing Strategy.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 




Job Opportunities
 
Supply Planning Analyst
     
     El Segundo  -  PERM  -  Michael Page

Warehouse, Shipping, Receiving
     
     Princeton  -  TEMP  -  Michael Page

Senior Director, Global Procurement (Remote - East Coast)
     
     Raleigh  -  PERM  -  Michael Page

Physical Distribution Manager, Philips Healthcare, (Lockbourne , OH.)
     
     Lockbourne, Ohio  -  PERM  -  Philips

Master Scheduler
     
     Whittier  -  PERM  -  Michael Page

Inventory Specialist
     
     Carol Stream  -  PERM  -  Michael Page

Senior Manager / Director of Procurement & Sourcing
     
     Los Angeles  -  PERM  -  Michael Page

Senior Planning and Inventory Management Specialist
     
     California - Santa Clara  -  PERM  -  Roche

Process Lead (Second Shift)
     
     Arizona - Tucson  -  PERM  -  Roche

Demand Planner
     
     Pasadena  -  PERM  -  Michael Page

Purchasing Coordinator
     
     Queens  -  PERM  -  Michael Page

Materials Manager
     
     Milwaukee  -  PERM  -  Michael Page

Sr Material Handler (Oligonucleotide Synthesis)
     
     New Jersey - Branchburg  -  PERM  -  Roche

Lead Production Technician (M-W, 6pm-7am)
     
     New Jersey - Branchburg  -  PERM  -  Roche

Senior S&OP Analyst - Demand Planning
     
     Des Plaines  -  PERM  -  Michael Page

 

Supply chain E-learning



Explore available supply chain e-learning modules by language and academy



News & Trends
 

Last update 6 Apr 2021
March PMI at second-highest on record amid marked new order growth and supply chain disruptions
   Source: Markit US Manufacturing PMI   -  IHS Markit
United States 


Retail

The retail sector is always on the move. Whether this involves shopping centres, shops in inner city locations or at airports – trends change very quickly and the goods change just as rapidly too. To keep up with these developments, highly complex and process driven supply chains are needed. With our...

Rethinking Global Automotive Production Networks

Rising logistics costs, trade conflicts and the pandemic have left the global automobile manufacturing model exposed. In this special report, Roland Berger examines the best road forward for international automotive p...


Education
 

Local & Regional Agenda
 


Resources
 
Tudor Rose International increases productivity through integrated SCM platform ASSIST4

Tudor Rose International is Europe’s leading export market management company specialising in building brands around the world. In business for nearly 30 years, the innovative company mastered an ambitious IT mo...

Five Keys to Transportation Planning and Optimization Success

Today’s fluid, omni-channel logistics and global economic environment present companies with a more complex transportation puzzle to solve. Best-in-class companies, suppliers, and customers find advanced transporta...


International Agenda