Navigating global sourcing challenges

November 2011
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Navigating global sourcing challenges

At a glance

Many organizations have realized that global sourcing should be a part of their core strategy to reduce costs, and to introduce strategic flexibility and operational agility. But global sourcing is a highly complex initiative that can have far reaching impact on processes, organization and technology. It cannot be taken lightly, in that failed global sourcing result in higher costs, operational inefficiencies, disgruntled staff, and on occasion, abandoned strategies. This paper describes the steps and key considerations that companies should bear in mind when developing and executing a global sourcing strategy.

Many organizations have realized that global sourcing should be a part of their core strategy to reduce costs, and to introduce strategic flexibility and operational agility. But global sourcing is a highly complex initiative that can have far reaching impact on processes, organization and technology. It cannot be taken lightly, in that failed global sourcing result in higher costs, operational inefficiencies, disgruntled staff, and on occasion, abandoned strategies. This paper describes the steps and key considerations that companies should bear in mind when developing and executing a global sourcing strategy.