Sourcing process includes every activity that revolves around identifying and assessing potential suppliers as well as selecting and engaging with an appropriate supplier who offers the best value. Sourcing takes care of everything from finding suppliers, vetting & contracting them and maintaining a healthy chain of vendors to cater to the organizational needs. Three are the main areas of interest about sourcing:

• Focuses on the who that makes the supplies possible
• Sourcing is concerned with building and managing supply chains
• Sourcing manages supply chains and builds alternatives for resilience