Utility of Global Sourcing

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Benefits of Global Sourcing
By http//www.dragonsourcing.com/
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What is Global Sourcing ?

• Global sourcing is widely used in today's
  business.
• It helps to cut the operating cost of the
  business.
• The cost of the product is very low in global
  sourcing countries.
• The labors are also highly skilled.

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Global Sourcing Benefits
Global sourcing has many advantages. Some of the
global sourcing countries are China,India,Vietnam,
Brazil etc. The advantages of global sourcing are
as follows

• Cost Reduction.
• Availability of New Technology.
• Superior Quality

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Cost Reduction

• Cost reduction is one great advantage.
• Labor cost is also very much low.
• Cost reduction helps to get more profit in the
  business.
• Business expansion is also possible.

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Availability of New Technology

• New technology is also available in global
  sourcing country.
• Number of companies source technology.
• It is because domestic suppliers lack the
  capacity.
• They re also not making the necessary
  investments.

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Superior Quality

• The quality of the product is very high.
• Many companies praise the quality.
• It helps to get more customer in the business.

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