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Global Sourcing

Global sourcing definition is: "proactively integrating and coordinating common items and materials, processes, designs, technologies, and suppliers across worldwide purchasing, engineering, and operating locations."

Global sourcing is to describe strategic sourcing in today's global setting. Its a major procurement strategy. Global sourcing often aims to exploit global efficiencies in the delivery of a product or service. Common examples of globally-sourced products or services include: labor-intensive manufactured products produced using low-cost Chinese labor, call centers staffed with low-cost English speaking workers in India, and IT work performed by low-cost programmers in India and Eastern Europe. While these examples are examples of Low-cost country sourcing, global sourcing is not limited to low-cost countries.

Global sourcing is often associated with a centralized procurement strategy for a multinational, wherein a central buying organization seeks economies of scale through corporate-wide standardization and benchmarking.

The global sourcing of goods and services has advantages that can go beyond low cost. Some advantages of global sourcing, beyond low cost, include: learning how to do business in a potential market, tapping into skills or resources unavailable domestically, developing alternate supplier/vendor sources to stimulate competition, and increasing total supply capacity.

International sourcing take primary responsibility for identifying and developing key suppliers across sourcing categories and help satisfy periodic sourcing requirements of the customer organization, help provide focus in country-based sourcing efforts. Particularly in the case of large and complex countries, such as China, where a range of sub-markets exist and suppliers span the entire value chain of a product/commodity, international sourcing provide essential on-the-ground information.

 

We expertise in high-end China Products

Apparel, baby wear and baby feeding, health products, energy saving products, high tech products

Garments & Textiles:

Fabric • Fiber & Yarn • Garment Display Supplies • Garment Trimming Supplies & Accessories • Men's & Women's Apparel • Men's & Women's Fashion Goods, Accessories & Services • Non-Fabric Materials • Production & Manufacturing Machinery • Textile Packaging & Printing • Textile Supplies & Services • Underwear & Swimwear

 

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Unit 11, 15/F, Metropole Square, 2 On Yiu Street, Shatin, N.T., Hong Kong. Tel: (852) 2572 0933 Fax: (852) 2572 9725 email: hongkong@formalwin.com

 
PRC GZ Office:
FormalWin Co.Ltd. Tel: (020) 8331 2043 Fax: 86(20) 8332 0017 email: gzkrgl@pub.guangzhou.gd.c

 

東莞 Dongguan
 
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