Global Sourcing Issues :

• A third problem COMPANIES FACE in global sourcing is communication. MANY times there are DELAYS and confusion in translations.
• Sending documents via couriers or the postal service is often time consuming and creates problems of obsolescence, more confusion, and LATE or even lost deliveries.
• There has been an increase in the use of the Internet to eliminate the time delay and confusion.
• Global sourcing is the trend of the future.
• Supply management is becoming very important to the survival of both American and offshore firms.
• In certain industries, using foreign suppliers can reduce total costs.
• Firms in the apparel and electronics industries that do not use global sourcing could find themselves out of business when competing with firms that source globally.
• Global sourcing is by no way expanded to completely replace domestic sources; however, it is a way to meet a competitor’s challenge and achieve better value for goods all over the world.

Global Sourcing Issues :