Digital sourcing is a business practice that involves the use of digital technologies to find, evaluate, and engage with potential suppliers and partners. It is a process that enables companies to source products and services from a variety of sources, including online marketplaces, search engines, and social media. Digital sourcing helps companies to quickly and efficiently identify and engage with the best suppliers and partners for their specific needs. It also helps to streamline the sourcing process, reducing costs and improving efficiency. By leveraging digital technologies, companies can find the best suppliers and partners faster, with greater accuracy and at a lower cost. Digital sourcing also helps to create more transparency in the supply chain, allowing companies to track their suppliers and partners more closely. Additionally, digital sourcing can help to build stronger relationships with suppliers and partners, allowing companies to better understand their needs and provide more tailored solutions.
