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What is global sourcing?

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Question added by Muhammad Rizwan , Executive Procurement (Technical) , FFCL
Date Posted: 2015/05/04
Somasundaram N
by Somasundaram N , Chief Executive Officer , Sameenu Global Knowledge Services Pvt Ltd

Global Sourcing refers to sourcing goods and services from global markets. Natural resources, skills,competencies and trade are distributed across the world and it  makes economic sense to procure from places where their combination gives them a competitive edge. Examples are sourcing oil from Middle East, Information Technology skills from India.

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