What Is Sourcing | Key Difference Between Sourcing & Procurement

Опубликовано: 16 Март 2026
на канале: Supply Chain Doctrine

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Sourcing is a part of procurement.
Sourcing deals with the identification of the supplier, selection of the supplier and further managing a relationship with the supplier.

Key sourcing steps:
1) Need identification
2) Market research
3) RFQ & RFP
4) Negotiation
5) Supplier selection and continuous evaluation

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