sourcing Definition and Meaning in English (sourcing definition)
nounSourcing definition: Sourcing refers to the process of finding and obtaining goods, services, or resources from a particular supplier or location.
Definitions of Sourcing
- 1noun(formal)
Sourcing refers to the process of finding and obtaining goods, services, or resources from a particular supplier or location.
- 2verb(formal)
When used as a verb, 'sourcing' means actively seeking and acquiring something from a specific origin.
Example Sentences
“The company is focused on ethical sourcing of raw materials.”
“We are sourcing new talent for our IT department.”
“Effective sourcing can significantly reduce production costs.”
Antonyms
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Phrases & Idiomatic Expressions
The process of obtaining goods or services in a way that is morally acceptable, ensuring fair labor practices and environmental responsibility.
The practice of procuring goods and services from anywhere in the world, often to take advantage of lower costs or specialized expertise.
A systematic approach to purchasing that focuses on long-term value and total cost of ownership, rather than just the lowest price.
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