sourcing

I. sourcing sourc‧ing [ˈsɔːsɪŋ ǁ ˈsɔːr-] noun [uncountable]
MANUFACTURING the job or activity of getting supplies of goods, especially ones that are used to make other goods:

• The company is stepping up its sourcing of components from India for its global operations.

ˌdual ˈsourcing MANUFACTURING
when a company has two supplier S for the same product so as to be sure that the product will always be available and to be able to compare the suppliers' prices etc
ˌsingle ˈsourcing
1. MANUFACTURING when a company has only one supplier for a particular product
2. COMPUTING the use of material that is contained in one file in different documents of many different types:

• You can use single sourcing to reuse content in different media without rewriting.

  [m0] II. source source 2 verb [transitive]
if a company sources materials, parts etc from a particular place, it obtains them from there:

• Components will be sourced from Polish producers.

— see also outsource
— sourcing noun [uncountable] :

• Local sourcing would be cheaper than importing parts.

* * *

sourcing UK US /ˈsɔːsɪŋ/ noun [U] PRODUCTION
the act of getting something, especially products or materials, from a particular place: sourcing of sth »

Last year, the company centralized its sourcing of raw materials.

»

Product sourcing is highly selective.

See also DUAL SOURCING(Cf. dual sourcing), SINGLE SOURCING(Cf. ↑single sourcing)

Financial and business terms. 2012.

Look at other dictionaries:

  • 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… …   Wikipedia

  • Sourcing — Le sourcing est un terme anglais utilisé dans les achats et les RH pour désigner le fait de trouver soit des fournisseurs soit des candidats. Le terme vient du verbe anglais To Source . Sommaire 1 Achats 2 RH 3 Services informatiques 4 V …   Wikipédia en Français

  • sourcing — /sawr sing, sohr /, n. Econ. the buying of components of a product from an outside supplier, often one located abroad: Foreign sourcing in the auto industry has eliminated jobs. Cf. outsourcing. [SOURCE + ING1] * * * …   Universalium

  • sourcing — / sɔ:sɪŋ/ noun the process of finding suppliers of goods or services ● The sourcing of spare parts can be diversified to suppliers outside Europe. ⇒ outsourcing …   Marketing dictionary in english

  • sourcing — /sawr sing, sohr /, n. Econ. the buying of components of a product from an outside supplier, often one located abroad: Foreign sourcing in the auto industry has eliminated jobs. Cf. outsourcing. [SOURCE + ING1] * * * sourcˈing noun • • • Main… …   Useful english dictionary

  • sourcing — noun the supply of resources needed by a business process …   Wiktionary

  • sourcing — n. purchasing of products or services from external suppliers sÉ”rs /sɔːs v. originate from; reveal the origin of something; obtain from a particular supplier n. origin; starting point; source code (Computers) …   English contemporary dictionary

  • Sourcing (personnel) — Sourcing in personnel management work refers to the identification and uncovering of candidates (also known as talent) through proactive recruiting techniques. Historical context The evolution of recruiting has changed significantly over the last …   Wikipedia

  • Dual Sourcing — Die Beschaffungsstrategie als Teil der Materialwirtschaft eines Unternehmens legt mittelfristig die Verteilung der Beschaffung von Gütern und Dienstleistungen auf einzelne Lieferanten fest. Zentrales Ziel einer Beschaffungsstrategie ist die… …   Deutsch Wikipedia

  • Forward Sourcing — Die Beschaffungsstrategie als Teil der Materialwirtschaft eines Unternehmens legt mittelfristig die Verteilung der Beschaffung von Gütern und Dienstleistungen auf einzelne Lieferanten fest. Zentrales Ziel einer Beschaffungsstrategie ist die… …   Deutsch Wikipedia

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