Forward & Global Sourcing

concentrates on the process of buying goods in order to fulfill demands

describes the search for, qualification and operational use of sources of supply in terms of companies with the potential to supply goods or services with the requires quality

characterizes the process of taking care of that the required goods and services are available for a company

emphasizes the provision of goods at correct place at the right time in the right quantity and with the right quality.

shows the global dimension of the sourcing and supply processes meaning that significant activities take place in all major world regions.

is used to describe the idea to integrate suppliers in the sense of a value chain early in the product development process.

long term, short to mid term

good or product that is commercially used and can interchangeably acquired from various sources