Global Sourcing

Quelle: https://www.investopedia.com/terms/g/global-sourcing.asp

Global Sourcing refers to the strategy of sourcing goods and services from international markets across geopolitical boundaries to gain advantages such as cost savings, access to superior quality and innovation, and a diversified supplier base.

Related Terms

You might also be interested in these terms

Sourcing

Sourcing is the process of identifying, evaluating, and selecting suppliers to procure goods or services for an organization.

Learn more

Dual Sourcing

A procurement strategy of obtaining materials or components from two separate suppliers simultaneously to reduce risk, mitigate supply disruptions, an...

Learn more

Outsourcing

Outsourcing refers to the arrangement in which a company contracts external service providers to perform logistics, supply chain or transport function...

Learn more

Sourcing Strategy

A company’s systematic approach to identifying, evaluating, and engaging suppliers to procure materials, components, or services in alignment with org...

Learn more

Strategic Sourcing

Strategic sourcing is a systematic, data-driven approach for optimizing an organization's procurement expenditures over the long term by continuously ...

Learn more

global guarantee

A global guarantee is a bank-issued surety that covers multiple individual obligations of a debtor to a creditor under a single facility or instrument...

Learn more