When an organization wants to buy goods through suppliers, the procurement officer invites suppliers to submit their bids along with price proposals. She might collaborate with other purchasing specialists in the procurement department to examine the bids and select the most competitive supplier.
DigiTour Media LLC is a touring music and social media festival production company, known for producing the world's first social media tour.
Another term that is often associated with crowdsourcing (besides those already mentioned â the collective intelligence and open innovation) is the âopen sourceâ . Specifically, crowdsourcing is often associated with the process used to generate the open source, known as OSSD (Open Souce Software Development).