in business the word refers to a number of procurement practices, aimed at finding, evaluating and engaging suppliers of goods and services:

• Global sourcing, a procurement strategy aimed at exploiting global efficiencies in production


• Strategic sourcing, a component of supply chain management, for improving and re-evaluating purchasing activities


• Sourcing (personnel) the identification of job candidates through proactive recruiting technique


• Co-sourcing, a type of auditing service


• Low-cost country sourcing, a procurement strategy for acquiring materials from countries with lower labour and production costs in order to cut operating expenses


• Corporate sourcing, a supply chain, purchasing/procurement, and inventory function


• Second-tier sourcing, a practice of rewarding suppliers for attempting to achieve minority-owned business spending goals of their customer


• Netsourcing, a practice of utilizing an established group of businesses, individuals, or hardware & software applications to streamline or initiate procurement practices by tapping in to and working through a third party provider


• Inverted Sourcing, a price volatility reduction strategy usually conducted by procurement or supply-chain person by which the value of an organization's waste-stream is maximized by actively seeking out the highest price possible from a range of potential buyers exploiting price trends and other market factors


• Multisourcing, a strategy that treats a given function, such as IT, as a portfolio of activities, some of which should be outsourced and others of which should be performed by internal staff.


• Crowdsourcing, using an undefined, generally large group of people or community in the form of an open call to perform a task

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