Advantages of Global Sourcing: The global sourcing has following advantages:

• Low cost manufacturing
• Tapping skills and resources that are not available in the home nation
• Seeking the benefit of alternate suppliers
• Utilizing an efficient supply chain management systems
• LEARNING global business skills
• Meeting competition prudently and efficiently

Disadvantages of Global Sourcing: Disadvantages of global sourcing are as follows:

• No exposure of international culture, traditions and beliefs
• Hidden costs related to different time zones and languages
• Financial and political risks associated with EMERGING economies
• Risk of losing intellectual properties, patents and copyrights
• LONG lead times
• LABOR problems and labor related issues
• Unnecessary shutdowns and supply interruptions
• Difficulty in supervision
• Difficulty of MONITORING goods and services quality

Advantages of Global Sourcing: The global sourcing has following advantages:

Disadvantages of Global Sourcing: Disadvantages of global sourcing are as follows: