Sourcing Meaning In Supply Chain in procurement is the practice of engaging with a multitude of stakeholders within the supply chain to identify, evaluate, and select vendors that can provide the best possible value for goods and services. The aim is to create efficiencies, improve collaboration, build trust and loyalty, and ultimately increase profitability for all stakeholders involved in the procurement process. Through this practice, organizations will be able to maximize their value by leveraging supplier insight and knowledge to make informed decisions.