Sourcing

In business, the term word sourcing 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.^[1]
• Crowdsourcing, using an undefined, generally large group of people or community in the form of an open call to perform a task

In journalism, it can also refer to:

• Journalism sourcing, the practice of identifying a person or publication that gives information
• Single sourcing, the reuse of content in publishing

In computing, it can refer to:

• Open-sourcing, the act of releasing previously proprietary software under an open source/free software license
• Power sourcing equipment, network devices that will provide power in a Power over Ethernet (PoE) setup

In electronics, it can refer to:

• Sinking and Sourcing (electronic circuits, output current capability)

References