Corporate sourcing refers to a system where divisions of companies coordinate the procurement and distribution of materials, parts, equipment, and supplies for the organization. This is a supply chain, purchasing/procurement, and inventory function. This enables bulk discounting, auditing, and Sarbanes-Oxley compliance.
Duties of a corporate sourcing agent include:
- Coordinating all activities related to procurement of a commodity beginning with intent to purchase through delivery
- Analyzing the requirements of the commodity, including preliminary specifications, preferred supplier, and date commodity is needed
- Soliciting and evaluating proposals for the requested commodity. Investigating and/or interviewing potential suppliers to determine if they meet the specified requirements.
Some of corporate sourcing agents: Richman Chemical, Onetouch, Worldwide Brands, SAOS
- Bussiek, T.: The Internet-based Supply Chain – New Forms of Procurement Utilizing Standard Business Software, in: Electronic Markets, 9, 3, 1999, pp. 147–152.
- Saeed, K.; Leitch, R.: Controlling Sourcing Risk in Electronic Marketplaces, in: Electronic Markets, 13, 2, 2003, pp. 163–172.