Sourcing: meaning, definitions and examples
🔍
sourcing
[ ˈsɔːrsɪŋ ]
business
The process of finding, evaluating, and engaging suppliers to provide goods or services for a company.
Synonyms
acquisition, procurement, purchasing
Examples of usage
- Effective sourcing can lead to cost savings for the company.
- Companies often outsource their sourcing to specialized firms.
- Sourcing requires careful negotiation and relationship management.
Translations
Translations of the word "sourcing" in other languages:
🇵🇹 obtenção
- fornecimento
- aquisição
🇮🇳 स्रोत
🇩🇪 Beschaffung
🇮🇩 sumber
🇺🇦 джерелознавство
- постачання
- закупівля
🇵🇱 pozyskiwanie
- zaopatrzenie
- źródło
🇯🇵 調達
🇫🇷 approvisionnement
🇪🇸 abastecimiento
🇹🇷 temin
🇰🇷 소싱
🇸🇦 المصادر
🇨🇿 zdrojování
🇸🇰 zdrojovanie
🇨🇳 采购
🇸🇮 nabava
🇮🇸 öflun
🇰🇿 сатып алу
🇬🇪 მიწოდება
🇦🇿 təchizat
🇲🇽 abastecimiento
Word origin
The term 'sourcing' originated in the business world and has become increasingly popular in the context of supply chain management. It emphasizes the strategic process of finding the best suppliers and partners to meet the company's needs.
See also: insourcing, outsource, sources.