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 |