Global Sourcing Startegies

1
Global Sourcing Strategies
2
What is Global Sourcing ?

• Global sourcing is widely practiced
• It helps to gain more profit in the business.
• Also the cost of the product is very low.
• The manufacturers are also highly skilled.
• They have the capability to manufacture any kind
  of product.

3
Global Sourcing Strategies
Global sourcing brings more profit in the
business. It also helps to extend your business.
The sourcing agent of the global sourcing
countries helps you to identify the proper global
sourcing countries. But one needs to follow some
global sourcing policies.

• E-Bidding.
• ERP
• E- Sourcing

4
E-Bidding

• E-Bidding is a global sourcing strategy
• It is a great way to bit down pricing.
• Quality is also assured in E-Bidding.
• Bidding is an effective sourcing strategy.
• Successful bidding requires marketing knowledge.

5
ERP

• ERP ensures better supply chain management.
• Previously ERP was used by large organizations.
• Now it also used by small and medium sized
  organizations.
• Many companies also used cloud based software to
  mange their global sourcing.

6
E-Sourcing

• E-sourcing of suppliers is another emerging
  trend.
• Here the identification,qualification and
  consideration of international suppliers and
  logistics is done through the internet.
• E-sourcing is much better than offline sourcing.
• E-sourcing is more popular as suppliers
  reputation is at stake.

7
Contact Us
8
Thank You