Top 5 Stages of a Global Sourcing Strategy
Global product sourcing basically is known as procurement strategy with the help of which enterprise can identify the most cost-effective and suitable location for the manufacturing of the product. It does not matter even if the location is in a foreign country. For example, it is easy for the cement manufacturing company to find the cost of raw material and to find some foreign countries which are cheaper in manufacturing because the manpower is cheaper there. The company would, therefore, opt to shut down its domestic operations and set up…
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