global sourcing

Global sourcing refers to seeking goods and services beyond one's borders, i.e., from the global market. It is a procurement strategy in which companies try to find the most cost-efficient place globally for manufacturing goods. ... Most companies choose a global sourcing strategy because costs are lower abroad.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.