Skin ADV

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
 
Senior Inventory Analyst
     
     Hopkinton  -  PERM  -  Michael Page

Transportation and Logistics Manager, Philips Healthcare, (Lockbourne, OH.)
     
     Lockbourne, Ohio  -  PERM  -  Philips

Electrical Engineer - Procurement
     
     Bothell, Washington  -  PERM  -  Philips

Contract Manufacturing Technician (multiple positions in Upstream, Downstream & Production Services)
     
     California - Oceanside  -  PERM  -  Roche

Senior Analyst of Planning - Manufacturing
     
     Texas  -  PERM  -  Michael Page

IT Procurement and Vendor Manager - HW/SW/Telecoms/Consulting - Deerfield
     
     Deerfield  -  PERM  -  Michael Page

Purchasing Manager
     
     Grand Rapids  -  PERM  -  Michael Page

Procurement Manager Bay Area, CA
     
     Bay Area, CA  -  PERM  -  Teldar Group

Procurement Director Bay Area, CA
     
     Bay Area, CA  -  PERM  -  Teldar Group

Sourcing Manager North Carolina
     
     North Carolina  -  PERM  -  Teldar Group

Senior Buyer San Francisco, CA
     
     San Francisco, CA  -  PERM  -  Teldar Group

Sourcing Manager Travel FL or TX
     
     FL or TX  -  PERM  -  Teldar Group

Supply Chain Manager Chicago, IL
     
     Chicago, IL  -  PERM  -  Teldar Group

Senior Sourcing Manager FL or TX
     
     FL or TX  -  PERM  -  Teldar Group

Sourcing Manager Fl or Tx
     
     Fl or Tx  -  PERM  -  Teldar Group

 

Supply chain E-learning



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



News & Trends
 

Last update 12 Nov 2021
Output growth hampered further by material shortages, but expansion in new orders remains sharp
   Source: Markit US Manufacturing PMI   -  IHS Markit
United States 


Chemicals & Pharmaceuticals

Maximum safety and reliability and reducing the costs for our customers at the same time: we are able to offer the chemical industry an extensive range of chemical logistics services that hardly any other logistics specialist can match. It is our goal to harmonise our services with your specifications in s...

The New Secret Weapon of Supply Chain

Henry Ford famously said of the Model T, “you can have any color you want, as long as it’s black.” Today, in the digital age, the ability to personalize has become a key strategy for winning market s...


Education
 

Resources
 
HOYER: Future-Proofs System for Managing Intermodal Rail, Road, and Sea Transport to Meet High Growth Potential

HOYER is an independent family enterprise that dates back to 1946, and which has become one of the world’s leading bulk-logistics providers, offering comprehensive transport services and complex logistics soluti...

Understanding risk in pharmaceutical supply chains

Risk in pharmaceuticals is often associated with drug shortages: events that prevent patients getting the right medicines at the right time. In traditional supply chains, supply risk is typically managed through incre...


International Agenda