Sourcing firm 1

A company that purchases goods or services from a supplier or vendor.

‘Domestic sourcing' is when the sourcing firm and its suppliers are located in the same country (e.g., Honda in the U.S. sources from Nippondenso in the U.S.), while ‘foreign sourcing' involves sourcing from abroad (e.g., Honda in the U.S. procures from Nippondenso in Japan).