Corporate sourcing

Corporate sourcing refers to a system where divisions of companies coordinate the procurement and distribution of materials, parts, equipment, and supplies for the organization. This is a supply chain, purchasing/procurement, and inventory function. This enables bulk discounting, auditing, and Sarbanes-Oxley compliance.

Duties of a corporate sourcing agent include:

Coordinating all activities related to procurement of a commodity beginning with intent to purchase through delivery
Analyzing the requirements of the commodity, including preliminary specifications, preferred supplier, and date commodity is needed
Soliciting and evaluating proposals for the requested commodity. Investigating and/or interviewing potential suppliers to determine if they meet the specified requirements.

Some of corporate sourcing agents: Richman Chemical, Onetouch, Worldwide Brands, SAOS

References

Bussiek, T.: The Internet-based Supply Chain – New Forms of Procurement Utilizing Standard Business Software, in: Electronic Markets, 9, 3, 1999, pp. 147–152.
Saeed, K.; Leitch, R.: Controlling Sourcing Risk in Electronic Marketplaces, in: Electronic Markets, 13, 2, 2003, pp. 163–172.

Aspects of corporations

Abuse Appointeeship Citizenship Communication Crime Design Despotism Entertainment Ethics Identity Interlocks Liability Machiavellianism Narcissism Nationalism Opportunity Pathos Promoter Propaganda Psychopathy Raid Recovery Resolution Scandals Security Services Social entrepreneurship Social media Social responsibility Sourcing Statism Sustainability Synergy Tax Taxonomy Title Trainer Transparency Travel Trust Veil Video

See also templates Aspects of jobs Aspects of occupations Aspects of organizations Aspects of workplaces Corporate titles

This article is issued from Wikipedia - version of the 1/7/2016. The text is available under the Creative Commons Attribution/Share Alike but additional terms may apply for the media files.