Sourcing in supply chain management is the process of identifying, evaluating, and selecting suppliers for goods and services. It is a critical component of supply chain management, as it involves making decisions about which suppliers to use, how to manage the relationship with them, and how to ensure that the goods and services they provide meet the needs of the business. The goal of sourcing is to create a competitive advantage for the business by leveraging the best possible supplier relationships and prices. Sourcing also involves analyzing and managing the risks associated with the suppliers, such as the quality of the goods and services they provide, their financial stability, and their ability to meet delivery deadlines. Additionally, sourcing involves negotiating with suppliers to ensure that the business is getting the best possible terms and conditions. Ultimately, sourcing is about finding the right balance between cost, quality, and delivery to ensure that the business is getting the best value for its money.