Sourcing
Encyclopedia
In business, the term word sourcing refers to a number of procurement practices, aimed at finding, evaluating and engaging suppliers of goods and services:
In journalism, it can also refer to:
In computing, it can refer to:
In electronics, it can refer to:
- Global sourcingGlobal sourcingGlobal sourcing is a term used to describe practice of sourcing from the global market for goods and services across geopolitical boundaries. Global sourcing often aims to exploit global efficiencies in the delivery of a product or service...
, a procurement strategy aimed at exploiting global efficiencies in production - Strategic sourcingStrategic sourcingStrategic sourcing is an institutional procurement process that continuously improves and re-evaluates the purchasing activities of a company. In a production environment, it is often considered one component of supply chain management...
, a component of supply chain management, for improving and re-evaluating purchasing activities. - Sourcing (personnel)Sourcing (personnel)Sourcing in personnel management work refers to the identification and uncovering of candidates through proactive recruiting techniques.- Historical context :...
, the identification of job candidates through proactive recruiting technique - Co-sourcingCo-sourcingCo-sourcing is a business practice where a service is performed by staff from inside an organization and also by an external service provider.It can be a service performed in concert with a client's existing internal audit department...
, a type of auditing service - Low-cost country sourcingLow-cost country sourcingLow-cost country sourcing is procurement strategy in which a company sources materials from countries with lower labour and production costs in order to cut operating expenses. LCCS falls under a broad category of procurement efforts called global sourcing. The process of low cost sourcing...
, a procurement strategy for acquiring materials from countries with lower labour and production costs in order to cut operating expenses - Corporate sourcingCorporate sourcingCorporate sourcing refers to a system where divisions of companies coordinate the procurement and distribution of materials, parts, equipment, and supplies for the organization. This is a supply chain, purchasing/procurement, and inventory function...
, 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 SourcingInverted SourcingInverted Sourcing is a price volatility reduction procurement 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...
, 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 - MultisourcingMultisourcingMultisourcing is the disciplined provisioning and blending of business and IT services from the optimal set of internal and external providers in the pursuit of business goals. It is also defined as a strategy that treats a given function, such as IT, as a portfolio of activities, some of which...
, 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. - CrowdsourcingCrowdsourcingCrowdsourcing is the act of sourcing tasks traditionally performed by specific individuals to a group of people or community through an open call....
, 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 sourcingJournalism sourcingIn journalism, a source is a person, publication, or other record or document that gives timely information. Outside journalism, sources are sometimes known as "news sources"...
, 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 equipmentPower sourcing equipmentPower sourcing equipment refers to network devices , that will provide power in a Power over Ethernet setup....
, network devices that will provide power in a Power over Ethernet (PoE) setup
In electronics, it can refer to:
- Sinking and SourcingSinking and sourcingSinking and sourcing relate to driving capabilities at the output of an electric circuit. To drive a point in an electric circuit to a desired value of voltage means to supply the required electric current to do so, overcoming electric resistances or other sources affecting that point...
(electronic circuits, output current capability)