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Global sourcing

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RAJANI RAISING
RAJANI RAISING

Global sourcing refers to sourcing goods and services from global markets across geographic boundaries. It allows companies to take advantage of low-cost skilled labor, raw materials, tax breaks, and tariffs available in other countries. Common industries that benefit from global sourcing include manufacturing, skilled services, and call centers. Several economic theories relate to global sourcing, such as absolute advantage, comparative advantage, and competitive advantage.

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Rajani Raising. Roll no 62. Human Resource Mgmt.
Global sourcing is a term used to describe practice of sourcing from the global market for global market for goods & service across geo- political boundaries. Low- cost skilled labor. Low- cost raw- Tax breaks & material. low tariffs. Global Sourcing
Canada High- priority, Support Integration Testing Project mgmt, Client Near- shore Facility Interface, India Analysis, Final integration U.S.A Off- shore Facility Programming, Routing Support, Unit Testing, QA. On- site team
Ideal Industries for Global Sourcing Manufacturing Skilled Services Telephone Call centers
Adam Smith Absolute Advantage Theory David Ricardo Comparative Advantage Theory Michel Porter s Competitive Advantage Theory
The principle of absolute advantage refers to the ability of a party (an individual, or firm, or country) to produce more of a good or service than competitors, using the same amount of resources. E.g.:- Unit labor costs Britain 10 5 Portugal 5 10
The law of comparative advantage says that two countries (or other kinds of parties, such as individuals or firms there as) will both gain from trade if, in the absence of trade, they have different relative costs for producing the same goods. Even if one country is more efficient in the production of all goods (absolute advantage) than the other, both countries will still gain by trading with each other, as long as they have different relative efficiencies. E.g. Country Production Before Trade After Trade Wheat Wine Wheat Wine England 8 5 18 0 Portugal 9 6 0 12 Total 17 11 18 12
Fishing, Shelter Fishing constructing, w ater carrying, cookin g!!!!
Competitive advantage is defined as the strategic advantage one business entity has over its rival entities within its competitive industry. Achieving competitive advantage strengthens and positions a business better within the business environment.
Cost Differentiation Focus leadership strategy strategy strategy Ways to achieve Sustainable Competitive Advantage
Distinctive Competencies Differentiation Advantage.
Global sourcing

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Global sourcing

  • 1. Rajani Raising. Roll no 62. Human Resource Mgmt.
  • 2. Global sourcing is a term used to describe practice of sourcing from the global market for global market for goods & service across geo- political boundaries. Low- cost skilled labor. Low- cost raw- Tax breaks & material. low tariffs. Global Sourcing
  • 3. Canada High- priority, Support Integration Testing Project mgmt, Client Near- shore Facility Interface, India Analysis, Final integration U.S.A Off- shore Facility Programming, Routing Support, Unit Testing, QA. On- site team
  • 4. Ideal Industries for Global Sourcing Manufacturing Skilled Services Telephone Call centers
  • 5. Adam Smith Absolute Advantage Theory David Ricardo Comparative Advantage Theory Michel Porter s Competitive Advantage Theory
  • 6. The principle of absolute advantage refers to the ability of a party (an individual, or firm, or country) to produce more of a good or service than competitors, using the same amount of resources. E.g.:- Unit labor costs Britain 10 5 Portugal 5 10
  • 7. The law of comparative advantage says that two countries (or other kinds of parties, such as individuals or firms there as) will both gain from trade if, in the absence of trade, they have different relative costs for producing the same goods. Even if one country is more efficient in the production of all goods (absolute advantage) than the other, both countries will still gain by trading with each other, as long as they have different relative efficiencies. E.g. Country Production Before Trade After Trade Wheat Wine Wheat Wine England 8 5 18 0 Portugal 9 6 0 12 Total 17 11 18 12
  • 8. Fishing, Shelter Fishing constructing, w ater carrying, cookin g!!!!
  • 9. Competitive advantage is defined as the strategic advantage one business entity has over its rival entities within its competitive industry. Achieving competitive advantage strengthens and positions a business better within the business environment.
  • 10. Cost Differentiation Focus leadership strategy strategy strategy Ways to achieve Sustainable Competitive Advantage
  • 11. Distinctive Competencies Differentiation Advantage.