Sourcing On Demand is a term used to describe a type of business model that is becoming increasingly popular in the modern business world. It is a way of managing and procuring goods and services from external suppliers in a cost-effective and efficient manner. It involves the use of technology to streamline the process of finding, selecting, and managing suppliers. This allows businesses to access a wider range of suppliers and to benefit from competitive pricing. It also helps to reduce the time and cost associated with traditional sourcing methods. The official business definition of Sourcing On Demand is the process of procuring goods and services from external suppliers in a cost-effective and efficient manner, with the use of technology to streamline the process of finding, selecting, and managing suppliers. This type of business model is becoming increasingly popular as it allows businesses to access a wider range of suppliers and to benefit from competitive pricing. It also helps to reduce the time and cost associated with traditional sourcing methods.