Identify any 4 types of sourcing ?

1. Domestic sourcing: This involves purchasing goods or services from suppliers within the same country as the buyer.

2. International sourcing: This involves purchasing goods or services from suppliers located in other countries. This can include importing products from overseas suppliers.

3. Single sourcing: This involves purchasing goods or services from only one supplier. This can help streamline the procurement process and build a strong relationship with the supplier, but it also carries risks such as supply chain disruptions.

4. Multiple sourcing: This involves purchasing goods or services from multiple suppliers. This can help mitigate risks such as supply chain disruptions and provide more options for pricing and quality.

1. Internal sourcing: Recruiting from within the organization, such as through employee referrals or promotions.
2. External sourcing: Recruiting candidates from outside the organization, such as through job boards, networking events, or headhunters.
3. Contingency sourcing: Hiring a staffing agency or recruiter to find candidates on a contingent basis, meaning they are only paid if they successfully place a candidate in a role.
4. Retained sourcing: Hiring a staffing agency or recruiter to find candidates on a retained basis, meaning they are paid a retainer fee regardless of whether they successfully place a candidate in a role.