In procurement, “sourced” refers to the process of identifying potential suppliers for a company’s products or services. It involves researching the market, understanding suppliers’ capabilities, and assessing their suitability to meet the company’s needs. Sourcing typically involves making contact with potential vendors, asking questions, checking references, and analyzing bids. It’s a key part of achieving value for money in any procurement process and should be undertaken with an eye to long-term relationships with suppliers. Engaging with potential suppliers is an essential step in discovering what does sourced mean in procurement – and ensuring you get the best deal for your organization.