The days are gone when you sold your own produce at a profit or traded finished products for mutual benefits. Modern business practices have given birth to a new phenomenon called ‘Sourcing’. Sourcing, in a nutshell, is the process of identifying suitable manufacturers in one’s own country or from a foreign country, finalizing terms with them, and getting the goods delivered as per the agreed terms & conditions. To facilitate this entire process, a group of individuals or organizations, known as sourcing consultants , have cropped up who specialize in negotiating the best buyer-supplier deal for a consultation fee or a fixed remuneration. A Sourcing Consultant helps in ● Identifying suitable manufacturers/ suppliers based on the buyers’ needs. ● Maintaining healthy relationships with new & existing suppliers. ● Getting quotes from multiple suppliers before finalizing. ● Obtaining the best deal in terms of price, quality, and delivery schedule. ● Getting the...