Sole Sourcing, Single Sourcing, and Multi-Sourcing: Understanding the Difference
Procurement is a vital function within any organization, responsible for acquiring goods and services essential for its operations. Sourcing, a critical component of procurement, involves identifying, evaluating, and selecting suppliers or vendors. There are three primary different types of sourcing…
Latest Posts
Save Hours by Automating Specs & Standards Packages for Vendors
Specification and Standard Drawings in Technical Procurement Technical procurement can be complex. In most cases you are not purchasing simple...Procurement in Engineering: A Blueprint for Project Success
Whether designing a small production widget or an international pipeline, engineering projects contain a large number of stakeholders outside of the core...One Size Compliments Most: Current SCM Provides Competitive Advantage to Engineering Firm
Melissa Stockley, a supply chain expert at Vista Projects, has fond memories of the 90s but doesn’t want to be “stuck there.” Stockley spent the...