The Sourcing market is a subset of Supply Chain Management that focuses on the procurement of goods and services. It involves the identification of potential suppliers, the negotiation of contracts, and the management of supplier relationships. Sourcing activities are typically conducted by a company's procurement department, which is responsible for ensuring that the goods and services purchased meet the company's quality and cost requirements. Sourcing activities can be divided into two main categories: direct and indirect sourcing. Direct sourcing involves the purchase of goods and services directly from suppliers, while indirect sourcing involves the purchase of goods and services through intermediaries such as distributors or wholesalers. Companies in the Sourcing market include Accenture, Deloitte, IBM, KPMG, McKinsey & Company, Oracle, SAP, and Wipro. Show Less Read more
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