Global Procurement and Sourcing is an official business definition that refers to the process of acquiring goods and services from suppliers around the world. This process is often complex and involves a wide range of activities, including identifying potential suppliers, negotiating contracts, managing relationships, and tracking orders. Global Procurement and Sourcing is an important part of any business, as it helps to ensure that the company is able to acquire the best quality products and services at the most competitive prices. Additionally, it helps to ensure that the company is able to meet its production and supply chain needs in a timely and cost-effective manner. Global Procurement and Sourcing is a critical part of any business’s operations, and it is important to ensure that the process is properly managed in order to maximize efficiency and minimize costs.