What does global sourcing aim to achieve for companies?

Global sourcing focuses primarily on achieving cost efficiencies and leveraging specialized capabilities by procuring goods and services from global suppliers. This approach allows companies to tap into resources and expertise that may not be available locally, leading to potential lower production costs and higher quality inputs.

By sourcing materials or services from different parts of the world, companies can take advantage of varying labor costs, raw material availability, and innovative processes, thus enhancing their competitive edge. This strategy is particularly beneficial for businesses looking to reduce expenses or require specialized components, which can often be produced more efficiently in specific countries due to local expertise or economies of scale.

In contrast, other options do not directly align with the core objectives of global sourcing. Accessing local markets relates more to market entry strategies rather than sourcing strategies. Increased advertising reach pertains to marketing and brand presence rather than procurement processes. Improved employee training addresses workforce development and organizational capacity but does not specifically relate to the goals of global sourcing in terms of cost and capability optimization.