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 ?
Several states that are contemplating membership in SST--most notably Texas, Illinois and California--apply origin-based sourcing for intrastate sales.
These are common to both SPOCI and ICI sourcing because they also generally apply to ICI sourcing.
Consequently, the first step in sourcing retail e-commerce (e-tailing) income is to identity its character as service, royalty or sales income.
The bill accomplishes this result by providing definitive rules that are consistent with the treatment of foreign currency as personal property and the amendments to the sourcing rules in section 611 of the bill [which includes section 865].
Complex category sourcing requiring significantly enhanced event visibility, ongoing decision support, and complex allocation and award scenarios
We are pleased to have industry leading on-demand sourcing applications from Verticalnet as the enabling technology to support our value proposition," says Brad Keighley, Co-Founder in charge of Technology Operations for The Sourcing Authority.
Jacuzzi is a tremendous innovator and leader in the whirlpool bath category, having invented it more than 30 years ago -- a tradition which continues to this day," said Charles Schneider, president of Builder Sourcing.
Verticalnet is excited to provide Cargill with our Advanced Sourcing Solution that combines our technology, category expertise and specialized services to meet their advanced sourcing requirements in transportation in Europe," states Nathanael V.
Recognizing the inherent complexities and the data intensive nature of transportation sourcing, Akzo Nobel will use will use a combination of Verticalnet's Advanced Sourcing tools and critical support services to source select transportation subcategories.
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.
Invitees to XPORTA Global Sourcing Leadership Workshop May 6 -- 7 in Pittsburgh Gain Unique Opportunity to Learn Strategic International