Global Strategic Sourcing Effective Solutions For Competing in a Global Marketplace
Global Strategic Sourcing Effective Solutions For Competing in a Global Marketplace Global economic crises and increasing pressure to compete on an international level are forcing both public and private sector organizations to identify new ways to manage their supply chains and procurement processes . Global sourcing strategies are started by many companies to cut down on running costs because they can reduce the need for in-house resources or increase efficiency across their supply chain. What is Global Strategic Sourcing? But what exactly is global strategic sourcing? In essence, this is a holistic approach to objectively analyzing existing procurement processes to identify inefficiencies, automate tasks that were previously manual or paper-based and re-engineer processes across the board. Companies are beginning to use automation tools to help achieve their goals like more efficient sourcing, saving time and effort. These tools can help bring a company's sourcing strategy to...