Sourcing Services — The Ultimate Guide of 2023
Sourcing services is the act of acquiring services needed by your business. But many of us only know how to source goods. This sourcing is uncommon, especially for end-users. As a procurement manager, this is essential in the procurement process as you also deal with services. In this article, we will have an overview of sourcing services that will enable you to be knowledgeable about it. You will see the difference between procuring goods and services.
What is Sourcing?
Before we take a closer look at sourcing services, we must review the basics of the procurement process. Sourcing, as we all know, is the acquisition of the needed goods or services to operate efficiently. It is not just about acquiring goods or services as it considers a lot of factors before sourcing for suppliers.
A good sourcing process researches potential suppliers to limit the risk of overspending and fraud. It researches for potential suppliers that will give the best suppliers or services to a company.
After reviewing what is sourcing, it is now the time to look into sourcing services.
Add a Comment