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Supplier Sourcing

oboloo Glossary

Supplier Sourcing

Supplier Sourcing is the process of collecting, evaluating, and selecting potential suppliers to meet the requirements of an organization. This process involves identifying key criteria such as price, delivery times, quality, and service levels needed to provide a reliable supply of goods or services. It also includes activities such as researching potential suppliers, negotiating contracts, and monitoring performance over time. Supplier Sourcing is an important part of any business’s purchasing strategy and can help them achieve cost savings and increased efficiency.

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