International Purchasing and Global Sourcing — What are the Differences?
As organizations think about the best way to respond to competitive demands, the development of global strategies and approaches, including global sourcing strategies, will become an increasingly attractive option. Since most organizations do not have in place well-developed global sourcing strategies, improvement opportunities are indeed attractive and largely unrealized. Realizing these opportunities requires a detailed understanding of global sourcing. Achieving this understanding demands replacing anecdotal perceptions and accounts of global sourcing with research-based findings. These findings will help supply managers better understand what it takes to shift from basic international purchasing to integrated global sourcing strategies and approaches.
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