A purchasing strategy used by businesses to follow the best quality & most cost-efficient location for manufacturing its products is referred to as global sourcing. The location which is best suited in Quality + Cost + Delivery manner of the manufacturing company, i.e., the global market.
As international demand grows for a high or low volume of good quality products, competition rises too. To get profits or remain competitive in market, firms must keep abreast of the rapidly evolving technology and at the same time, improve quality , reduce costs and best customer service at every levels of the supply chain.
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