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Global Sourcing is a "Must" ingredient in today's competitive world. Myth?

Created by : Jaimatadi1 , Purchase/Vendor Development Manager, Fiat Group Purchasing  | 07 22 2011 06:08:46 +0000
Keywords : must ingredient in today's competitive world. myth? global sourcing is a
Activity:  303 views;  last activity : 07 26 2011 13:11:40 +0000
 
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Yes it is! Vs Loosing charm due to much globalization!
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Global Sourcing is a "Must" ingredient in today's competitive world. Myth?
By Jaimatadi1 , Purchase/Vendor Development Manager, Fiat Group Purchasing  07 22 2011 06:08:46 +0000
 
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Too much of globalization is just mixing products and is making it difficult for us to decide. It improves business upto some extent but there is no guarantee for it..
By Namrata Pathak, Accounts Manager, American Express  07 23 2011 07:30:40 +0000
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GLOBALIZATION FETCHES HUGE PROFITS TO MNCs AND MOREOVER IT EVEN HELPS TO ERADICATE UNEMPLOYMENT.

THE MERITS OF GLOBALIZATION CANNOT BE RULED OUT VERY EASILY.

(COMMENT EDITED)
By Sairam. M, System Administrator  | 08 06 2011 19:44:00 +0000
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I won't use extreme words like "must" but Today's market competes more on prices than on quality, and different places have their own competitive advantages over others, therefore global sourcing is quite important.
By Mahesh Dhiman, MBA/PGDM student, Rajiv Gandhi Institute of Petroleum Technology  | 07 26 2011 13:11:40 +0000
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yes Now you can live in isolation thinking that nobody take away my market. You have to be on your toes to be the best among the world and for that global sourcing is necessary. When Indian IT companies get work in other countries we become very proud so why we worry about MNC coming here and take our Market. Be competitive and Win
By CHINTAN , Security/ Equity Research Analyst, chintaninc  | 07 23 2011 20:27:32 +0000
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It is not a must , but global sourcing supports competitiveness ..
By Jithin Joel Jacob, Managing Partner, Onicz Systems  | 07 23 2011 10:24:58 +0000
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There is no point in living isolated, it is right to keep a tab on international trends,economics, business, finance etc. Also, only if you know the world, can you find yourself!!!
By neha singh, Content Editor, Avestia Corp  | 07 23 2011 10:24:02 +0000
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I support your views,Namrata.

You are to the point. & thanks for referral, Namrata.
By SHRIKANT MANOHAR DANKE, Project Manager, Phadnis Infrastructur Ltd  | 07 26 2011 11:35:07 +0000
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Global sourcing is a subjective area , before asking for Global Sourcing one need to understand the relevance of the effort required to maintain the quality in Global sourcing.
By Vivek Kumar Srivastava, Competence development Manager-Global Services , NSN  | 07 25 2011 09:18:04 +0000
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Thanks Namrata for referral. Yes too much of globalization is creating a lot of confusion in the mind of buyer but at the same time it will continue.
By Rathin Deb, Freelance Retail Consultant  | 07 25 2011 05:01:51 +0000
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Thanks,Namrata for referral. I agree with your argument that it leads us to to indecision. 
By Mohammad Bakhsh, Project Leader/Managing Consultant, Freelancer  | 07 23 2011 11:04:46 +0000
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Actually, globalization do improve quality of product and services due to competition with global players and MNCs as such but domestic companies suffer! Too many choices are good for customers to select the best for them but domestic companies cannot stay in such a highly competitive market with limited resources!
By JUGNU M SHAH, Manager-International Drug Regulatory Affairs, Ronak Exim Pvt. Ltd.  | 07 23 2011 08:40:17 +0000
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