Sourcing Moderate

Definition, synonyms and related words

Definitions

Noun

The process by which something is sourced, or obtained from another place.

"The company improved its sourcing strategy to ensure all raw materials were obtained directly from local farmers."

In plain English: Sourcing is the act of finding and getting materials, products, or information from somewhere else to use them.

"The company faced delays in sourcing materials for their new product line."

Usage: Sourcing refers to the specific act of obtaining goods or services from an external supplier rather than producing them in-house. This term is commonly used in business contexts when discussing supply chain management and procurement strategies.

Verb

present participle of source

"The researcher was sourcing old maps from various archives to verify historical claims."

In plain English: To source something means to find and get it from where you can buy it cheapest or best.

"The company is sourcing new suppliers to lower its production costs."

Example Sentences

"The company faced delays in sourcing materials for their new product line." noun

"The team spent all morning sourcing fresh ingredients for the community potluck." noun

"She is currently sourcing local artists to display their work in the new gallery." noun

"Finding affordable textbooks was difficult because he had been sourcing used copies from every student on campus." noun

"The company is sourcing new suppliers to lower its production costs." verb