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Stages of the sourcing process - Coggle Diagram
Stages of the sourcing process
Ordering
Approved process
Issue PO
Raise Quotation
Receive goods/service
User need
Approve invoice
Where can it take place
Regional
National
Localised
Sourcing
Source suppliers
Issue ITT/RFQ
Raise requisition
Negotiate and award contract
Develop strategy
Contract Management
Understand the need
Deciding which type of sourcing is best based on:
Quality of need
( may need to look further than local and regional)
Budget allocated to need
( if not enough, may need to source globally, cheaper from another country)
Volume needed (cheaper local or regional due to transportation)
Urgency ( local if its urgent)