Purchasing and Supply Chain Management
6th Edition
ISBN: 9781285869681
Author: Robert M. Monczka, Robert B. Handfield, Larry C. Giunipero, James L. Patterson
Publisher: Cengage Learning
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Chapter 10, Problem 10DQ
Summary Introduction
To explain: The reason why many firms based in Country U began worldwide sourcing on a reactive basis and the instance which makes a firm to switch to reactive to proactive worldwide sourcing.
Worldwide sourcing:
It is the seeking of goods and services beyond the borders of a region. It the process where organizations look for the most cost-efficient place globally to manufacture their goods. Most organizations choose a global sourcing strategy as the costs are usually lower abroad.
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Many U. S. Firms begin worldwide sourcing on a reactive basis. What does that mean? What might cause a shift from reactive worldwide sourcing to proactive approach to worldwide sourcing?
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Chapter 10 Solutions
Purchasing and Supply Chain Management
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- Ethics When firms implement a single sourcing policyin their buying, other possible suppliers do not have anopportunity to compete for the business. Is this ethi·cal? What are the advantages to the company? Whatare the disadvantages?arrow_forward4.Organizations reduce number of suppliers by a. Use of direct marketing. b. Online marketing. . Adopting improved material processing strategy d. Use of single sourcing.arrow_forwardYou have been hired by KOKO MESSIAH group to lead its local and international expansion efforts, considering the KOKO MESSIAH group already has products which its markets on a small scale locally, it has become imperative that it makes addition to its current product variants, as well as promote these new and existing products in markets other than it's existing markets, propose four relevant strategies and the key marketing mix decisions you have to make in achieving it's expansion objectives.arrow_forward
- Select a Pakistani Company which is involved in the production anddistribution of a product and for which supply chain management is ofvital importance. Your assignment will carry out the analysis of thecompany’s supply chain strategies to support the operations in thecompany.• Describe the company, its products and the supply chain in whichit operates• Discuss as to why the supply chain management is important to thecompany• Evaluate its supply chain process and strategies and provideyour feedback on the strategies applied by the company.• Explain on particular issues, difficulties which company had facedin supply chain, its success and or failures that it may have had inthe management of its supply chainarrow_forwardWith the help of the attached, please outline reasons why favoring single-sourcing as opposed to multiple sourcing is best? Thanksarrow_forwardGive an example - real or fictive - of a company where the conventional value chain is supported by the virtual value chain in its internationalizing process and describe in detail how this interaction process works!arrow_forward
- what are challenges that Relatively small Enterprises could ecounter once they engage international markets for purpose of supplyarrow_forwardExplain the six challenges organizations in international sourcing (with a short explaining each challenge).arrow_forward5 In the outsourcing method of distribution, as a US firm: Group of answer choices You open your own foreign subsidiary You establish your own distribution outlets You appoint another international distribution company to take care of all aspects of distribution of your product None of the other three options -------------------------------------------------------- When considering distribution in a foreign country, how much of the country you want to cover is an: Group of answer choices Internal factor External factor ---------------------------------------- The global marketing manager can mitigate foreign exchange risk by the use of: Group of answer choices Forward contracts Currency options Futures contracts All of the three options None of the other three optionsarrow_forward
- Foreign vendors are added to a company's supply chain for a variety of reasons. However, the fundamental motivation for utilising an international provider is because that source is thought to offer better value than a domestic supplier. Explain ANY FOUR reasons for global sourcing and make reference to the attachmentarrow_forwardFirms may pursue a ______________ strategy to gain control or ownership of suppliers. This strategy is especially effective when suppliers are unreliable, too costly, or not capable of meeting a firm’s needs on a consistent basis. a. Market Development b. Forward Integration c. Backward Integration d. Related Diversificationarrow_forwardForeign vendors are added to a company's supply chain for a variety of reasons. However, the fundamental motivation for utilising an international provider is because that source is thought to offer better value than a domestic supplier. Explain ANY FOUR (4) reasons for global sourcing.arrow_forward
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