Ideas for Global Sourcing

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Global Sourcing Tips
By http//www.dragonsourcing.com/
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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.

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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

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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.

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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

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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

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