The Sourcing Process: Souring For Merchandiser

Souring for merchandiser

This chapter details the information regarding sourcing process. The detailed information about sourcing process, different types of souring methods and the factors affecting sourcing also discussed. Along with this information, the vendor management and evaluation methods also described for the better understanding of the sourcing process.

Key word: Sourcing, Process, Types, Vendor management, Vendor evaluation

Introduction

Sourcing is defined as the process of determining how and from where manufactured goods or components or raw materials will be procured. The main motivation of the sourcing process is to obtain high satisfaction with the low cost. Materials essentially incorporate piece products that will be cut and converted into the garments. In the case of raw material, it is also important that availability of raw material (both in quality wise and quantity wise) when it is needed along with the suitability of the material for garment design and end use. Sourcing is essentially deciding the most cost-effective merchant of materials, generation, or completed products at the predetermined quality and administration level. It is nearly related and an essential piece of merchandiser's responsibility. Sourcing department along with merchandiser assumes the fundamental part of execute and shipment of fare request effectively. Merchandiser must ensure that all approvals related to the fabric and trims ought to be composed of the sourcing division in given time allotment. Lead time, the process of fabric and trim approvals, the expense of logistics and INCO terms are the essential parameters need to remember while choosing the sourcing strategies for

The following are the various types of sourcing process based on the requirements.

• Local manufacturer - Fabric is manufactured locally, with local