Sourcing in procurement is the process of engaging suppliers to acquire goods, services or works that are essential for an organization’s daily operations. It involves analyzing, defining, negotiating and implementing strategies that ensure a predictable supply and cost-effective delivery of required items. This includes understanding existing and potential supplier capabilities, reviewing market trends, assessing legal and regulatory requirements, evaluating value propositions, and establishing comprehensive terms and conditions. Through effective sourcing practices, organizations can achieve greater operational efficiency, improved service levels, and reduced costs.