Benefits of Global Sourcing Service

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Benefits of Global Sourcing Service
Presented By Dragon Sourcing
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Introduction
Global sourcing is a term that refers to the
procurement of goods and services from the
international market. A company that provides
global sourcing service is an agency that helps
your business obtains resources from abroad. The
idea of global sourcing leverages the advantages
found throughout the world that cater to low cost
raw materials, cheaper manpower, low tariffs and
less regulations.
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Helps to Develop Economies
Advocates of human rights have countered the
practice of global sourcing. However, it is true,
that global sourcing has made it possible for
some countries to develop. Global sourcing is the
movement of knowledge, human resource, raw
materials, finished products, technology and
services to other nations
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Gain Comparative Efficiency
Global sourcing service is one of the factors
behind rapid globalization. Sometimes, a company
seeking profit may shift a department or two to
another country in order to gain advantage over
its competitors. If a company is based on labor
intensive functions, it is shifted to developing
countries where both quality and cheap labor is
available. These practices might be ethically
wrong, but they lead to lower production costs
and lower product cost and thus, higher sale.
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Helps in Developing a Nation
The emergence of global sourcing has lead to the
establishment of job market in less developed
countries. More and more youth were getting
employed. As a result, they were learning how to
lead a more comfortable life. With the knowledge
of technology, they have been able to help
themselves out of a crisis situation and live in
economic prosperity.
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Contact Us
Dragon Sourcing Phoenix 1490 S. Price Road, Suite
209-D Chandler, AZ 85286, USA Phone (216)
533-8972 Fax [phone] Email
contact.us_at_dragonsourcing.com Website
http//www.dragonsourcing.com/
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Thank You