What is a Sourcing Tracker? – Definition
In the world of business, sourcing trackers are becoming increasingly important for companies looking to stay ahead of the competition. Whether you’re a sole proprietor or managing a large organization, understanding what a sourcing tracker is and how it can help you to optimize processes is essential. In this article, we’ll discuss what a sourcing tracker is, its benefits, and how to use one in your business operations. We’ll also cover best practices for keeping track of suppliers and ensuring that you’re always working with reliable sources. By the end, you should have a better understanding of what a sourcing tracker is – and why it’s so important.
What is a sourcing tracker?
A sourcing tracker is a tool used by Talent Acquisition and Human Resources professionals to track and manage the sourcing of candidates. The tracker enables users to see the progress of each candidate being sourced and allows for collaboration between users.
The tracker typically contains the following information:
– Candidate name
– Position being sourced for
– Recruiter name
– Status (e.g. contacted, interviewed, hired)
– Date sourcing started
– Date sourcing ended (if applicable)
This tool is used to keep tabs on every candidate that a company is interested in or trying to recruit. It’s important for HR to have one place where they can track every interaction with a potential employee. This helps the department keep organized as well as get an overview of which recruiters are working on what positions.
The benefits of using a sourcing tracker
There are many benefits of using a sourcing tracker. Perhaps the most obvious benefit is that it can help you keep track of your sources. This is especially helpful if you are working on a large project with many different sources. A sourcing tracker can help you keep track of which sources you have used and which ones you still need to check.
Another big benefit is that a sourcing tracker can help you save time. If you know exactly where to find the information you need, you can avoid spending time looking for it in places where it isn’t. This can be a huge time saver, especially if you are working on a deadline.
A sourcing tracker can also help ensure accuracy in your work. When working with multiple sources, it can be easy to mix up information or accidentally use outdated information. A sourcing tracker can help you keep track of when each source was used so that you can be sure you are using the most up-to-date information available.
Overall, a sourcing tracker is an incredibly useful tool for any researcher or writer. It can save you time, ensure accuracy in your work, and help keep track of your sources. If you are working on a large project with multiple sources, a sourcing tracker is an absolute must!
How to use a sourcing tracker
Assuming you have a sourcing tracker already set up (if not, check out our guide on setting one up), there are a few key ways to use it to make your recruiting more efficient.
First, you can use a sourcing tracker as a way to keep track of all the different places you’re looking for candidates. This is especially helpful if you’re using a variety of job boards, social media, and other websites. By keeping everything in one place, you can avoid duplicating effort and save time.
Second, a sourcing tracker can help you keep track of your progress in filling open positions. This is valuable information to have when meeting with hiring managers or reporting to upper management. By being able to show how many candidates you’ve sourced and how many interviews have been scheduled, you can demonstrate the value of your work.
Third, a sourcing tracker can be used as a way to measure the effectiveness of your sourcing efforts. By tracking where your candidates are coming from, you can see which sources are yielding the best results. This information can then be used to adjust your strategy moving forward.
Finally, a sourcing tracker can help you keep track of talented candidates even if they’re not currently interested in a position. By saving their contact information and tracking their skills and experience, you can reach out to them when a new opening comes up that might be a better fit.
The different types of sourcing trackers
There are different types of sourcing trackers available on the market. Some are more sophisticated than others and offer a range of features. The most basic type of sourcing tracker is a spreadsheet that can be used to track the progress of your sourcing projects. However, there are also software-based sourcing trackers that offer a more comprehensive solution.
The main difference between these two types of sourcing tracker is the level of detail that they provide. A spreadsheet-based tracker will only give you a basic overview of your sourcing projects. It can be useful for tracking simple projects, but it lacks the ability to track complex projects in detail.
A software-based tracker, on the other hand, offers a much more comprehensive solution. It can be used to track both simple and complex projects in great detail. This makes it an essential tool for any serious sourcing professional.
Conclusion
In conclusion, a sourcing tracker is an invaluable tool for any project or business. It helps to streamline the process of finding and tracking potential suppliers, vendors and partners. With detailed insights into each supplier, as well as information on pricing, delivery times and quality assurance metrics, it can help you make informed decisions when selecting the best vendor for your needs. Ultimately, this will save time and money in the long run by helping you get better deals from your suppliers.