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.
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Google Gemini AI
Oct 16
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.