SOURCING

Is the choice of who will perform a particular supply chain activity such as production, storage,
transportation or the management of information.

the strategic level, these decisions determine what functions a firm performs and what functions the
film outsources

Components of Sourcing:

Outsourcing: The most important decision for a firm is whether to perform a task within the company
or to outsource from third party.

Supplier Selection: It tells about how many suppliers a manager should decide for supply.
Procurement: Procurement is the Process of getting goods and services within a supply chain