One of the advantages of the sintering process is avoiding macro segregations. The common foundry process can result in differences in chemical compositions between core and shell for example, due to differences in the rate of cooling along the solidification. It is particularly critical for high alloyed materials.
In the sintering process, the components of the alloy can be first mixed in powder form, assuring a good homogeneity. They are then cold pressed close to the desired form. Here comes the second advantage: even hard alloys as tungsten carbide + cobalt can be easily machined after this step, (if some binder product is added to give enough mechanical resistance). It is now close to the final form but scaled. That is: the relation between length, width and height is correct, but all of them are greater, to the porosities.
Finally, the temperature is raised so that part of the alloy with lower melting point is allowed to locally melt, closing micro porosities and assuring metallurgical bonding. The material shrinks to its final dimensions in the process. Some manufactures also uses hydrostatic pressure besides the temperature to help to close the porosities.