Question

Define global sourcing and explain the role it plays in global supply chain management.

Answer 1

Global sourcing - Sourcing of goods and services from international market . Global sourcing are very much effective in cost cutting ,reducing labor cost and skilled solution .

Mostly in information and technologies company are working in global sourcing and sourcing talent from different countries like India , bangladesh , indonesia etc.

Knowledge process outsourcing are very much in practice like India , shri lanka , bangladesh and other countries .

Global sourcing role in global supply chain management are very much critical and important.

1) Global sourcing giving new height to global supply chain management.

2) Increasing the volume of global supply chain management turnover.

3) Introducing new technologies changes in supply chain management.

4) Giving new opportunities to the global supply chain management .