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2. Global sourcing - Wikipedia

   en.wikipedia.org/wiki/Global_sourcing

   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 ...

3. Supply chain management - Wikipedia

   en.wikipedia.org/wiki/Supply_chain_management

   It is the pathway to SCM results, a combination of processes, methodologies, tools, and delivery options to guide companies to their results quickly as the complexity and speed of the supply chain increase due to global competition; rapid price fluctuations; changing oil prices; short product life cycles; expanded specialization; near-, far ...

4. Low-cost country sourcing - Wikipedia

   en.wikipedia.org/wiki/Low-cost_country_sourcing

   In low-cost-country sourcing the material ( products) flows from LCC to HCC while the technology flows from HCC to LCC. The primary principle behind LCCS is to obtain sourcing efficiencies through identifying and exploiting opportunities of price reduction between geographies. Aside from price other reasons for engaging in global sourcing can ...

5. Crowdsourcing - Wikipedia

   en.wikipedia.org/wiki/Crowdsourcing

   This graphic symbolizes the use of ideas from a wide range of individuals, as used in crowdsourcing. Crowdsourcing involves a large group of dispersed participants contributing or producing goods or services —including ideas, votes, micro-tasks, and finances—for payment or as volunteers. Contemporary crowdsourcing often involves digital ...

6. Global Sources - Wikipedia

   en.wikipedia.org/wiki/Global_Sources

   Global Sources. Global Sources ( Chinese: 環球資源) is a Hong Kong-based business-to-business (B2B) multichannel media company that serves buyers and suppliers online and offline since 1971. Its core business facilitates trade between suppliers and buyers, through trade shows, [1] online marketplaces, the management magazine Chief Executive ...

7. Procurement - Wikipedia

   en.wikipedia.org/wiki/Procurement

   Procurement is one component of the broader concept of sourcing and acquisition. Typically procurement is viewed as more tactical in nature (the process of physically buying a product or service) and sourcing and acquisition are viewed as more strategic and encompassing. [citation needed] Multiple sourcing business models and acquisition models ...