International sourcing is not purchasing. Global sourcing managers must have a broad background across several functional disciplines; have access to corporate resources, and employ a great deal of common sense. It is foolish to proceed with any international sourcing activity or outsourcing program thinking an.

By John Brockwell Is global sourcing really worth it?' For a variety of reasons, executives at many companies are reconsidering whether or not they should be buying products from international sources. Companies are facing higher than expected costs of materials and labor, a declining U.S.

Dollar and rising fuel prices, while some are experiencing the persistent quality issues that we continue to read about in today's headlines. Concerns regarding quality affect consumer choices. A Reuters/Zogby poll recently released on September 19 found that 78 percent of Americans worry about the safety of Chinese imports, and 25 percent have stopped buying food from China. Grand Illusion Prince Of Paupers RARE. In the poll, 35 percent of respondents were 'very worried' and 43 percent were 'somewhat worried' about the safety of Chinese goods.

Not only must executives be concerned with the quality and reputation of their own products and brand, but now there are risks of being associated with a larger brand — 'Made in China.' At a time when China has become the largest source of imports for the United States, company executives are evaluating their reliance on China-based suppliers.

Though the government of China is working to improve their brand image by instituting and enforcing quality standards, it might not be enough to stave off buyers from reconsidering their sourcing decisions. International sourcing and procurement can have high rewards, but those rewards bring additional high risks. Lotus Organizer Ita Download Chrome. Advantages of Global Sourcing Many companies are still making procurement decisions based primarily on unit cost. The global explosion of connective technologies, well-educated workers and capital has made it possible to, almost literally, have the entire world compete for the opportunity to sell to your business.