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  2. Global sourcing - Wikipedia

    en.wikipedia.org/wiki/Global_sourcing

    Global sourcing is the practice of sourcing from the global market for goods and services across geopolitical boundaries. Global sourcing often aims to exploit global efficiencies in the delivery of a product or service. These efficiencies include low cost skilled labor, low cost raw material, extreme international competition, new technology ...

  3. Global supply chain management - Wikipedia

    en.wikipedia.org/wiki/Global_supply_chain_management

    In commerce, global supply-chain management is defined as the distribution of goods and services throughout a trans-national companies' global network to maximize profit and minimize waste. [1] Essentially, global supply chain -management is the same as supply-chain management, but it focuses on companies and organizations that are trans-national.

  4. Supply chain management - Wikipedia

    en.wikipedia.org/wiki/Supply_chain_management

    Supply chain management is a cross-functional approach that includes managing the movement of raw materials into an organization, certain aspects of the internal processing of materials into finished goods, and the movement of finished goods out of the organization and toward the end consumer.

  5. Strategic sourcing - Wikipedia

    en.wikipedia.org/wiki/Strategic_sourcing

    Strategic sourcing is the process of developing channels of supply at the lowest total cost, not just the lowest purchase price.It expands upon traditional organisational purchasing activities to embrace all activities within the procurement cycle, from specification to receipt, payment for goods and services [1] to sourcing production lines where the labor market would increase firms' ROI. [2]

  6. Low-cost country sourcing - Wikipedia

    en.wikipedia.org/wiki/Low-cost_country_sourcing

    Low-cost country sourcing. Low-cost country sourcing ( LCCS) is procurement strategy in which a company sources materials from countries with lower labour and production costs in order to cut operating expenses. [citation needed] LCCS falls under a broad category of procurement efforts called global sourcing .

  7. Sustainable sourcing - Wikipedia

    en.wikipedia.org/wiki/Sustainable_sourcing

    Defining sustainable sourcing. Sustainable sourcing can be defined as obtaining the materials, products, and services an organization needs from its suppliers in a manner that is socially and environmentally responsible, while still being economically sound.

  8. Supply chain - Wikipedia

    en.wikipedia.org/wiki/Supply_chain

    Supply and demand stacked in a conceptual chain. A supply chain, sometimes expressed as a "supply-chain", [1] is a complex logistics system that consists of facilities that convert raw materials into finished products and distribute them [2] to end consumers [3] or end customers. [4] Meanwhile, supply chain management deals with the flow of ...

  9. Globalization - Wikipedia

    en.wikipedia.org/wiki/Globalization

    Globalization is primarily an economic process of interaction and integration that is associated with social and cultural aspects. However, disputes and international diplomacy are also large parts of the history of globalization, and of modern globalization. Economically, globalization involves goods, services, data, technology, and the ...