Ideas for Global Sourcing - PowerPoint PPT Presentation

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Ideas for Global Sourcing

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Global sourcing cuts the operating cost of the business.This PPT is made by focussing on the various global sourcing tips. – PowerPoint PPT presentation

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Title: Ideas for Global Sourcing


1
Global Sourcing Tips
By http//www.dragonsourcing.com/
2
What is Global Sourcing ?
  • Global sourcing is the only way to procure raw
    materials,trained power.
  • It helps to reduce the operating cost of the
    business.
  • Also the cost of the product is very low in
    global sourcing country.
  • Sourcing globally helps the traders to gain more
    revenue in the business.

3
Global Sourcing Tips
Global sourcing is the way of procuring raw
materials,products,technology,The cost of the
products is very low. The labors are also highly
experienced. Some global sourcing tips area as
follows
  • Knowledge of Local Culture.
  • Establish Proper Communication Channels.
  • Source from within Geographic Region First

4
Knowledge of Local Culture
  • Must have local culture knowledge for proper
    sourcing.
  • Different countries have different culture.
  • Knowledge of each help to make proper sourcing.
  • You must not go against the culture of the
    particular sourcing country.

5
Establish Proper Communication Channels.
  • It must be seen that language must not be an
    obstacle in communication with the country you
    are sourcing from.
  • Therefore knowing the language of the sourcing
    country is also required.
  • Different countries have different language.
  • Sourcing agent must have idea of all of these

6
Source from within Geographic Region First
  • If you are new to the process avoid bargain
    shopping.
  • Also source from reputable company.
  • Slowly you will get familiarized with the
    industry
  • Then you can go with the cheaper options

7
Contact Us
8
Thank You
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