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Offshore Sourcing

•    International sourcing involves buying from suppliers outside the firm’s country of manufacture

•    Requires procurement personnel to view the entire World as a potential source of raw materials, components, service, and finished goods.

•    Firms pursuer off shore sourcing as a reaction to increased worldwide competition or a proactive strategy to gain competitive advantage.

•    Offshore sourcing-to achieve improvement in four critical areas
-    Cost Reduction
-    Quality Improvement
-    Increased Exposure to Worldwide Technology
-    Delivery and Reliability improvements

•    Other reasons
-    The introduction of competition to the domestic supply base
-    Establishing a presence in a foreign market
-    Satisfying offset requirement
-    Increasing the number of available sources

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