Sourcing in business is the process of finding and acquiring goods and services from external sources. It is a critical part of the supply chain management process, as it helps organizations reduce costs, improve quality, and increase efficiency. The sourcing process involves researching potential suppliers, evaluating their capabilities, negotiating contracts, and managing the supply chain. It also involves the development of a sourcing strategy, which outlines the objectives, goals, and criteria for selecting suppliers. Sourcing in business also involves managing the relationship between the buyer and the supplier, as well as monitoring the performance of the supplier. Ultimately, the goal of sourcing in business is to ensure that the organization obtains the best possible value for its money, while also meeting its needs and objectives.