What is the official business definition of 6 Step Sourcing Process? The 6 Step Sourcing Process is a set of best practices used when sourcing products and services for an organization. It is a systematic and structured process that helps to ensure that all relevant criteria are taken into account when making purchasing decisions. The 6 Steps involve: research and evaluation of potential sources, development of a short list, request for proposal/quotation, negotiation and selection, supplier/vendor management, and contract management and closure. Research and evaluation are important aspects of the process, as it is important to ensure that potential sources are reliable, cost-effective, and able to meet the organization’s needs. The development of a shortlist is also crucial, as this process helps to narrow down the selection of potential sources and helps to ensure that the organization is making the best possible choice. Request for proposal/quotation is the next step, as this helps to ensure that the organization is getting the best price for the product or service