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 production * Strategic sourcing, a component of supply chain management, for improving and re-evaluating purchasing activities * Sourcing (personnel), the identification of job candidates through proactive recruiting technique * Co-sourcing, a type of auditing service * Low-cost country sourcing, a procurement strategy for acquiring materials from countries with lower labour and production costs in order to cut operating expenses * Corporate sourcing, 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 Sourcing, 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