COMMERCEasituationin whichcompaniesbuyproductsorservicesfromanywherein theworld, not just fromtheirowncountry:There are feweropportunitiesforglobalsourcingoffoodsince much isboughtlocally.(Definition ofglobal sourcingfrom theCambridge Business English Dictionary? Cambridge University Press)
Examplesofglobal sourcing
global sourcingToday, powerful processes ofglobalsourcingbring forth and foster a new set of relationships with customers and suppliers.FromWikipediaThis example is from Wikipedia and may be reused under a CC BY-SA license.The transition toglobalsourcinghas been challenging for some companies.FromWikipediaThis example is from Wikipedia and may be reused under a CC BY-SA license.Few companies have the requisite strategies, infrastructure and extended process control to effectively make the transition toglobalsourcing.FromWikipediaThis example is from Wikipedia and may be reused under a CC BY-SA license.Globalsourcingoften aims to exploit global efficiencies in the delivery of a product or service.FromWikipediaThis example is from Wikipedia and may be reused under a CC BY-SA license.Majority of companies today strive to harness the potential ofglobalsourcingin reducing cost.FromWikipediaThis example is from Wikipedia and may be reused under a CC BY-SA license.Through theglobalsourcing, sections and components of the internal process are being outsourced to external providers and contractors in search of the highest added value contribution.FromWikipediaThis example is from Wikipedia and may be reused under a CC BY-SA license.Hence it is commonly found thatglobalsourcinginitiatives and programs form an integral part of the strategic sourcing plan and procurement strategy of many multinational companies.FromWikipediaThis example is from Wikipedia and may be reused under a CC BY-SA license.These examples are from corpora and from sources on the web. Any opinions in the examples do not represent the opinion of the Cambridge Dictionary editors or of Cambridge University Press or its licensors.#https://dictionary.cambridge.org//dictionary/english/global-sourcing##
