sourcing


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Sourcing

In private equity, a slang term for cold calling potential clients.

sourcing

the selection by a firm of its sources of supply – raw materials and components in the case of a manufacturer, final products in the case of a retailer. Strategically, a firm may chose to buy in a particular input (or product) from an outside supplier (OUTSOURCING), or produce it for itself as part of a vertically integrated operation (see VERTICAL INTEGRATION, MAKE-OR-BUY DECISION). In the former case, a firm may choose to favour one or a number of suppliers, both domestic and overseas-based, depending on various cost and risk considerations. For example, relying on a single supplier may allow the firm to benefit from discounts given on bulk purchases, but on the other hand may expose the firm to great risk of supply disruptions. For this reason multiple-supplier locations may be preferred, especially in the case of MULTINATIONAL ENTERPRISES which may deploy global sourcing strategies to take advantage of differences in supply costs between countries and obtain access to new component technologies and products. See LOCAL CONTENT RULE, JUST-IN-TIME (JIT) SYSTEM, INTERNATIONALIZATION, PURCHASING SUPPLIER DEVELOPMENT.

sourcing

the selection by a firm of its sources of supply - raw materials and components in the case of a manufacturer, final products in the case of a retailer. A firm may choose to buy in a particular input (or product) from an outside supplier or to produce it for itself as part of a vertically integrated operation. See OUTSOURCING and VERTICAL INTEGRATION for further discussion.
References in periodicals archive ?
In states that provide for the imposition of local sales and use taxes, destination-based sourcing for intrastate sales can create significant burdens for sellers.
863-8 provides exclusive sourcing rules for SPOCI; other source rules are implicated only to the extent that a material portion of an activity is not space or ocean activity.
This article describes how present interpretations of the sourcing rules to conventional commerce should apply to electronic transactions.
The Legislative History of the Sourcing Rules Also Supports Symmetrical Sourcing of Gains and Losses.
Supplier collaboration intensive sourcing initiatives focused on engaging suppliers in processes from design through fulfillment with full visibility into performance and feedback
At the technological core of The Sourcing Authority's value proposition are the on-demand components of the Verticalnet XE Supply Management Solution Suite.
Builder Sourcing brings together top-level decision-makers, paving the way for increased business.
With the Verticalnet Advanced Sourcing Solution, we expect to see improved carrier performance in all our transportation routes and suppliers across Europe, while improving our overall cost control," said Martin Verploegh Cargill's European Procurement Manager.
Nasdaq:VERT), a leading provider of on-demand, supply management solutions, today announced that Akzo Nobel, a Fortune 300 manufacturer that serves customers throughout the world with healthcare products, coatings and chemicals, has selected Verticalnet for advanced sourcing of road transportation events spanning North America and Europe.
Faced with pressures to improve savings compliance, repeat early e-sourcing successes, and counter emerging supply market constraints, leading enterprises are beginning to adopt more intelligent sourcing methods and systems to improve insight into spending, enhance collaborative and flexible negotiation methods, utilize advanced analytics and decision support tools, and improve monitoring and compliance of supply costs and performance," said Tim Minahan, SVP of Supply Chain at Aberdeen Group.
the leading provider of global sourcing solutions, today announced mounting interest in the company's Global Sourcing service as attendance to XPORTA's third Global Sourcing Leadership workshop scheduled for May 6 and 7 in Pittsburgh, doubled in size from the first event that took place in January this year.