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. Source: https://marketbusinessnews.com/financial-glossary/global-sourcing/ Choose any company in the clothing industry and answer all the 3 questions:

Question One (20 Marks) Critically explain various reasons that may cause an international supplier to be preferred by your company.

Question Two (20 Marks) Should your company decide not to opt for global sourcing, critically explain the different ways in which efficient purchasing can contribute greatly to the overall profitability and prosperity of your company.

Question Three (20 Marks) Identify and critically discuss different essential steps in the purchasing process by applying this to your company of choice