Global sourcing is essential to earn more revenue in the business.This PDF is made by http://www.dragonsourcing.com/ focusing on the various stages of global sourcing.

1. Stages of Global Sourcing
By http://www.dragonsourcing.com/

2. What is global sourcing ?
Global sourcing helps to get more
profit.
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Good quality low cost products can be
sourced globally.
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Also the cost of the labor is very low.
It is very important to know the various
sourcing countries.
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3. Stages of Global Sourcing
Global sourcing is very important in business.Sometimes it
is not possible for the companies to manage all the
activities. Then they outsource some process. It is very
required to know the stages of outsourcing.
Investigation
✔
Evaluation
✔
Supplier Selection
✔

4. Investigation
In this stage the organization identify the core
and non core activities.
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Analyzation of market must be done.
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Customer requirements must be checked.
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Work plan must be documented.

5. Evaluation
Supplier selection criteria is developed in this
stage.
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The sourcing strategy is refined.
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Cost models are also finalized.
The economic benefit of the project are then
estimated.
✔

6. Supplier Selection
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In this stage final suppliers are selected.
Then the negotiation is done with the
selected suppliers.
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Technical assessment of the selected
suppliers is done.
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Timeline of the selected supplier is then
developed.
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