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Submitted by: Anisha Dash
Global sourcing is a procurement strategy in which
a business buys goods and services from
international markets across geopolitical
boundaries to save money by using cheap raw
materials or skilled labor from low-cost countries.
The main advantage of global sourcing is the
cost-saving.
 International sourcing sees many foreign
manufacturers offer their services at a very
competitive price, especially in regions where
products are made at a low cost.
The currency exchange rate can fluctuate.
Documentation requirements for cross-border
processes may be time-consuming and complicated.
Restrictions are in place that may affect import or
export at either end of transactions.
Cost Reduction
Follow the competition
New Markets
Only Option
Product life cycles
Costs Change
The important thing about global sourcing is
that it becomes a very powerful tool to
leverage talent, improve productivity, and
reduce work cycles.
Global sourcing.pptx

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Global sourcing.pptx

  • 2. Global sourcing is a procurement strategy in which a business buys goods and services from international markets across geopolitical boundaries to save money by using cheap raw materials or skilled labor from low-cost countries.
  • 3. The main advantage of global sourcing is the cost-saving.  International sourcing sees many foreign manufacturers offer their services at a very competitive price, especially in regions where products are made at a low cost.
  • 4. The currency exchange rate can fluctuate. Documentation requirements for cross-border processes may be time-consuming and complicated. Restrictions are in place that may affect import or export at either end of transactions.
  • 5. Cost Reduction Follow the competition New Markets Only Option
  • 7. The important thing about global sourcing is that it becomes a very powerful tool to leverage talent, improve productivity, and reduce work cycles.