Corporate sourcing
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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.
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.