2. What is Global Sourcing ?
Global sourcing is a strategy for business procurement
in order to establish a location which has lower cost for a
manufactured product.
Currently the companies focusing more on global
markets.
The moral of global sourcing is to find better supply of
products that has lower cost.
3. Principles of Global Sourcing
Best Total Value.
Supplier Incumbency
Honest, Ethical, and Fair Dealings
4. Best Total Value.
Sourcing decisions are made based on
the best total value.
Best total value is driven by business
need.
It includes a number of components
that include total cost of ownership,
quality of good.
5. Supplier Incumbency
Stability must be bring in the supply
base.
An ongoing relationship must be there
with the supplier.
This factor is a higher value to the
business.
6. Honest, Ethical, and Fair Dealings
Suppliers must be treated with respect.
Also suppliers must be deal with honesty,
ethically and fairly.
Buyers and suppliers must optimize their
working relationship.
7. Dragon Sourcing Johannesburg
140 Highgate, Sunny Road, Lakefield, Benoni, 1500, Gauteng, South
Africa
Tel:+27 (83) 230-9342
Email: contact.south-africa@dragonsourcing.com