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Meaning of sourcing
The primary meaning of the word "sourcing" refers to the act of finding or obtaining something, especially a product, service, or employee.
Etymology of sourcing
The word "sourcing" originated from the verb "source," which comes from the Old French word "sourse," meaning "a spring" or "a fountain"
Historically, the term "source" referred to the origin or starting point of something, and over time, the verb "to source" emerged, meaning to find or obtain something from its origin or source
In modern business contexts, "sourcing" has become a common term to describe the process of finding, evaluating, and acquiring products, services, or talent from various sources
Synonyms
Definitions
- The process of finding or obtaining something, especially a product, service, or employee
- The act of determining and acquiring the most suitable and cost-effective source for a particular product or service
- The practice of finding and engaging the best suppliers or partners to meet specific business needs
Usage Examples
- The company is currently sourcing new suppliers for their manufacturing operations
- The recruitment team is responsible for sourcing top talent from around the world
- The marketing department is sourcing innovative ideas for their new advertising campaign