Corporate sourcing

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:
 * 1) Coordinating all activities related to procurement of a commodity beginning with intent to purchase through delivery
 * 2) Analyzing the requirements of the commodity, including preliminary specifications, preferred supplier, and date commodity is needed
 * 3) 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