| a well known fact that the world is becoming a global | | | | It is a well known fact that the world is becoming a |
| village literally and the technology of networking and | | | | global village literally and the technology of |
| telecommunications is bridging distances all across the | | | | networking and telecommunications is bridging |
| globe which has also led to a spurt in the global | | | | distances all across the globe which has also led to a |
| sourcing and multinational purchasing activities with | | | | spurt in the global sourcing and multinational |
| suppliers online playing an important role in the | | | | purchasing activities with suppliers online playing an |
| scenario. We further know that China has occupied | | | | important role in the scenario. We further know that |
| an important position in the era of global sourcing and | | | | China has occupied an important position in the era of |
| multinational purchasing on the world stage and | | | | global sourcing and multinational purchasing on the |
| suppliers online are available for almost any sort of | | | | world stage and suppliers online are available for |
| deals within and without China. Of course dealing with | | | | almost any sort of deals within and without China. Of |
| suppliers online is little different in context of global | | | | course dealing with suppliers online is little different in |
| sourcing and multinational purchasing processes, and | | | | context of global sourcing and multinational purchasing |
| there exist several advantages as well as certain | | | | processes, and there exist several advantages as |
| drawbacks which are associated with the process. In | | | | well as certain drawbacks which are associated with |
| this article we will take a brief look at some of the | | | | the process. In this article we will take a brief look at |
| advantages which stand to be accrued from dealing | | | | some of the advantages which stand to be accrued |
| with suppliers online for global sourcing and | | | | from dealing with suppliers online for global sourcing |
| multinational deals, be it on a small or big scale. | | | | and multinational deals, be it on a small or big scale. |
| The main advantages which one gets from suppliers | | | | The main advantages which one gets from suppliers |
| online are the reach and expanse that these suppliers | | | | online are the reach and expanse that these suppliers |
| provide which is very favourable to global sourcing | | | | provide which is very favourable to global sourcing |
| and multinational purchasing. This should not need any | | | | and multinational purchasing. This should not need any |
| explanation since activities such as global sourcing and | | | | explanation since activities such as global sourcing and |
| multinational purchasing themselves mean that | | | | multinational purchasing themselves mean that |
| distances of global scale are involved, hence it is very | | | | distances of global scale are involved, hence it is very |
| easy and convenient to interact with suppliers online | | | | easy and convenient to interact with suppliers online |
| which would have been difficult with the traditional | | | | which would have been difficult with the traditional |
| dealers and suppliers. | | | | dealers and suppliers. |
| One can also communicate with a number of | | | | One can also communicate with a number of |
| suppliers online for carrying out global sourcing or | | | | suppliers online for carrying out global sourcing or |
| multinational purchasing deals and this does not | | | | multinational purchasing deals and this does not |
| involved actual traveling to different places, rather it | | | | involved actual traveling to different places, rather it |
| can be done from the comfort of one's own office | | | | can be done from the comfort of one's own office |
| environment with the click of a few buttons. It is | | | | environment with the click of a few buttons. It is |
| just hard to imagine how our ancestors who braved | | | | just hard to imagine how our ancestors who braved |
| the oceans in search of trading partners would be | | | | the oceans in search of trading partners would be |
| surprised if they heard about the current facts of | | | | surprised if they heard about the current facts of |
| suppliers online and their use in carrying out hitherto | | | | suppliers online and their use in carrying out hitherto |
| difficult tasks such as global sourcing or multinational | | | | difficult tasks such as global sourcing or multinational |
| purchasing. | | | | purchasing. |
| The saving of time is another important factor which | | | | The saving of time is another important factor which |
| suppliers online tend to provide since the trading | | | | suppliers online tend to provide since the trading |
| world has become very competitive and activities | | | | world has become very competitive and activities |
| such as global sourcing and multinational purchasing | | | | such as global sourcing and multinational purchasing |
| tend to benefit from the time saving involved in | | | | tend to benefit from the time saving involved in |
| online deals. Just imagine going to a far off continent | | | | online deals. Just imagine going to a far off continent |
| in the absence of suppliers online to carry out deals | | | | in the absence of suppliers online to carry out deals |
| associated with global sourcing or multinational | | | | associated with global sourcing or multinational |
| purchasing activities or using snail mail for the same | | | | purchasing activities or using snail mail for the same |
| process and you will realize how much the suppliers | | | | process and you will realize how much the suppliers |
| online mean to the world of global sourcing and | | | | online mean to the world of global sourcing and |
| multinational purchasing. | | | | multinational purchasing. |