1.Differentiate between international and global sourcing management 2. Critically discuss the management of international and global purchasing and supply
1.Differentiate between international and global sourcing management
2. Critically discuss the management of international and global purchasing and
supply
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Sourcing management is a concept that allows an organization to source its materials from a fair and reliable source and manages it for a period or short and long term or as the case may be. Under sourcing management organizations prepare quotations to see which supplier will be most suited to the company's needs. Material is the most important element of production. Suppliers should be chosen with regard to the quality they offer and not the price they offer. Sourcing is important for the company in many ways. Not only it is important to source the right material at the right price, but it is also important to see how much time it takes to transport it from the supplier to the manufacturer.
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