Global sourcing is a strategic sourcing strategy that effectively broadens the scope of the procurement process to include companies that operate in other countries.
Global sourcing is the practice of sourcing from the global market for goods and services across geopolitical boundaries. Global sourcing often aims to exploit global efficiencies in the delivery of a product or service.
Majority of companies today strive to harness the potential of global sourcing in reducing cost. Hence it is commonly found that global sourcing initiatives and programs form an integral part of the strategic sourcing plan and procurement strategy of many multinational companies.
We make sure companies are getting the best advantages of global sourcing:
Tapping into resources unavailable domestically
Developing alternate supplier/vendor sources
Increasing total supply capacity
One of the first steps Global Sourcing pursues for clients is to identify international trade expositions in which you can meet the types of suppliers who advance the development of your business vision.
The use of global sourcing has been the driving force behind the development and expansion of the global economy.
We help you engage these partners, in their native languages, and with sensitivity to cultural intricacies.
Strategic Global Sourcing is a procurement process that continuously evolves and changes to the purchasing activities of a company.
The growth opportunities for companies competing in a rapidly expanding global marketplace are tremendous. So are the challenges. Companies need to source materials worldwide and customize products for markets and individual consumers.
Global Sourcing has significant experience in global supply-chain management which provides a sustainable, simplistic and efficient means of commerce.
