Global Sourcing

In today’s increasingly competitive business world, companies realize the importance of expanding beyond their local and national markets to gain an edge. Global sourcing, particularly low-cost country sourcing, has become a hot topic as offshore providers have proven themselves as valuable alternatives. Companies are now asking themselves why they wouldn’t source from low-cost countries. As companies become more familiar with available opportunities, they shift from achieving incremental cost improvements to evaluating all their capabilities to define a winning global sourcing strategy. This strategic approach to global sourcing offers long-term benefits rather than short-term solutions. While critics of global deployment of work exist, it cannot be denied that the potential for procurement is substantial, with access to a massive pool of skilled resources, faster times-to-market, and lower costs resulting in significant value to the bottom line.