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Steps in Sourcing – Your Guide to Strategic Sourcing Process

Steps in Sourcing – Your Guide to Strategic Sourcing Process

A robust supply chain for sourcing of equipment and other services is essential for running a successful enterprise. Strategic sourcing is the foundation of a good supply chain and it is important companies pay adequate attention and devote enough time for this critical business requirement. Unlike tactical sourcing, which is about buying something, preferably..

  • Business, Engineering, Innovation

Different Types of Sourcing, its Pros & Cons

Different Types of Sourcing, its Pros & Cons

When it comes to Sourcing, there are many types and models used by different companies for their supply sourcing needs. The two broad types are in-house model or Insourcing, where a company does its own sourcing with in-house staff or through a group company; and the outsourced model or Outsourcing where it relies on an external agency to fulfil the..

  • Business, Engineering, Innovation