Global sourcing involves looking for goods and services outside ones borders. It is a procurement strategy in which firms try to find the most cost-efficient place globally for manufacturing goods. According to purchasing and procurement professionals, companies should be able to source both inside and outside their national borders. They are then subsequently better able to compete.

Making reference to any company in the automative industry, answer the following questions.

Question C

Identify and critically discuss different essential steps in the purchasing process by applying this to your company of choice?