openglobalsourcing.com - Open Global Sourcing

Description: Global Sourcing Insights: Category Management, Cornerstone to Procurement Success | CIPS, International Purchasing & Global Sourcing, Global Sourcing Insights: Supplier Communications, Benefits of hiring a Global Sourcing Company

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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. These efficiencies include low cost skilled labor, low cost raw material and other economic factors like tax breaks and low trade tariffs. A large number of Information Technology projects and Services, including IS Applications and Mobile Apps and database services are outsourced globally

Common examples of globally sourced products or services include: labor-intensive manufactured products produced using low-cost Chinese labor, call centers staffed with low-cost English speaking workers in the Philippines and Pakistan and India , and IT work performed by low-cost programmers in India and Pakistan and Eastern Europe . While these examples are examples of Low-cost country sourcing , global sourcing is not limited to low-cost countries.

International purchasing and global sourcing of products of obviously the starting point of any import export business. In this webinar we discuss the difference between buying locally and international purchasing and identify the skill sets needed to be a successful buyer on the global stage.

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