Benefits of Global Sourcing Service
Presented By: Dragon Sourcing
Introduction
Global sourcing is a term that refers to the procurement of goods and services from the international market. A company that provides global sourcing service is an agency that helps your business obtains resources from abroad. The idea of global sourcing leverages the advantages found throughout the world that cater to low cost raw materials, cheaper manpower, low tariffs and less regulations.
Helps to Develop Economies
Advocates of human rights have countered the practice of global sourcing. However, it is true, that global sourcing has made it possible for some countries to develop. Global sourcing is the movement of knowledge, human resource, raw materials, finished products, technology and services to other nations
Gain Comparative Efficiency
Global sourcing service is one of the factors behind rapid globalization. Sometimes, a company seeking profit may shift a department or two to another country in order to gain advantage over its competitors. If a company is based on labor intensive functions, it is shifted to developing countries where both quality and cheap labor is available. These practices might be ethically wrong, but they lead to lower production costs and lower product cost and thus, higher sale.
Helps in Developing a Nation
The emergence of global sourcing has lead to the establishment of job market in less developed countries. More and more youth were getting employed. As a result, they were learning how to lead a more comfortable life. With the knowledge of technology, they have been able to help themselves out of a crisis situation and live in economic prosperity.
Contact Us
Dragon Sourcing Phoenix 1490 S. Price Road, Suite 209-D Chandler, AZ 85286, USA Phone: (216) 533-8972 Fax: (216) 785-2051 Email: contact.us@dragonsourcing.com Website: http://www.dragonsourcing.com/
Thank You