Types of sourcing

1. Internal sourcing: This involves filling a job vacancy or sourcing materials or services from within the organization itself. This can include promoting existing employees, transferring employees from one department to another, or using internal resources to fulfill procurement needs.

2. External sourcing: This involves sourcing materials, services, or talent from outside the organization. This can include outsourcing certain functions to third-party vendors, hiring external contractors or consultants, or purchasing goods and services from external suppliers.

3. Global sourcing: This involves sourcing materials, services, or talent from international markets. This can help organizations access a wider pool of resources, reduce costs, and take advantage of specialized expertise or technology that may not be available locally.

4. Strategic sourcing: This involves taking a more strategic approach to sourcing by analyzing the organization's needs, identifying potential suppliers, negotiating contracts, and managing supplier relationships to achieve cost savings, improve quality, and mitigate risks.

5. E-sourcing: This involves using electronic platforms and tools to streamline the sourcing process, such as online marketplaces, e-procurement systems, and supplier portals. This can help organizations automate and optimize their sourcing activities, improve transparency, and reduce cycle times.

6. Sustainable sourcing: This involves sourcing materials, services, or talent in a way that minimizes negative environmental and social impacts. This can include sourcing from suppliers that adhere to ethical labor practices, use sustainable materials, or have environmentally friendly production processes.

7. Reverse sourcing: This involves sourcing materials or products that have already been used or consumed, such as through recycling, refurbishing, or remanufacturing. This can help organizations reduce waste, conserve resources, and lower costs.

Internal Sourcing

- Employee referrals: Seeking candidates from within the organization through employee recommendations.
- Internal job postings: Advertising open positions within the company and encouraging employees to apply.
- Talent pools: Maintaining a database of potential candidates who have expressed interest in working for the organization.

External Sourcing

- Job boards and websites: Posting job openings on online platforms such as LinkedIn, Indeed, Glassdoor, etc.
- Recruitment agencies: Hiring a third-party firm to identify and screen candidates.
- Headhunting: Targeting specific individuals with desirable skills and experience.
- Social media recruitment: Using platforms like Twitter, Facebook, and Instagram to find passive candidates.
- Industry events and conferences: Attending industry gatherings to connect with potential candidates.
- Campus recruitment: Targeting students and recent graduates from universities and colleges.
- Employee leasing: Hiring employees from another company and "leasing" them to work for the organization.

Other Types of Sourcing

- Passive sourcing: Identifying and reaching out to potential candidates who are not actively looking for a job.
- Diversity sourcing: Focussing on attracting candidates from underrepresented groups and improving diversity and inclusion.
- Contingency sourcing: Using recruitment agencies or headhunters on a contingency basis, where they receive payment only if they place a successful candidate.
- Retained sourcing: Hiring a recruitment agency or headhunter on a retainer basis, providing them with an upfront fee regardless of whether they successfully place a candidate.
- Recruitment process outsourcing (RPO): Outsourcing the entire recruitment process to a third-party provider.