Global sourcing is gaining more and more importance. For European companies, Asian procurement markets and especially China are becoming first choice destinations regarding procurement and manufacturing. Global sourcing, however often poses a lot of challenges and risks for the buying company due to very strategic implications of procurement from suppliers located worldwide. Therefore, the traditional strategic procurement process focusing on local or regional markets has to be adapted to cope with those challenges. In this paper, we present an enhanced reference process for global sourcing including important strategic aspects related to global sourcing.
|Title of host publication||Proceedings of the 2007 IEEE IEEM, 13th IEEE International Conference on Industrial Engineering and Engineering Management|
|Publication status||Published - 2007|
|Event||13th IEEE International Conference on Industrial Engineering and Engineering Management - Singapore, Singapore|
Duration: 2 Dec 2007 → 5 Dec 2007
|Conference||13th IEEE International Conference on Industrial Engineering and Engineering Management|
|Period||02/12/2007 → 05/12/2007|