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. As we listen to the needs of our client we begin the process of assessing, selecting, and managing suppliers to acquire the desired goods and services from them.

At the end of the sourcing process, usually a contract is signed or an agreement is reached between the buyer and the supplier on what is to be procured and the terms of contract.