What Do Global Sourcing Specialists Do?
Global sourcing specialists help companies connect global sourcing channels to their supply chain. They have extensive knowledge of worldwide commerce and understand how to leverage market efficiencies like cheaper labor, faster production processes, higher manufacturing capacity, and favorable tax terms. They also provide expert advice on how to avoid common global sourcing pitfalls like hidden costs, financial and political risks, and loss of intellectual property.
Global sourcing specialists play an integral role in helping companies either start global sourcing or optimize existing global sourcing processes. They assist companies in establishing or optimizing long-term partnerships with offshore suppliers and developing common quality, performance, and compliance standards. They also ensure a company’s global supply channels are diversified to hedge against disruption of either the supplier company or supplier country.
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