Sourcing
Sourcing is a process that begins when a business identifies its needs and translates these into an expression that speaks directly to suppliers. They then select the best ones, engaging in conversation about what they need with each other until finally reaching an agreement on terms for procuring goods or services through signing contracts- all before any product has been created! Depending on your needs sourcing may also refer to the process of looking for people that possess certain skills that you need for your business.