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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Question
Chapter 10, Problem 12DQ
Summary Introduction
To explain: The ways to overcome the barriers of global 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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Explain the six challenges organizations in international sourcing (with a short explaining each challenge).
Explain any 4 reasons for global sourcing and make reference to the attached case provided.
Discuss all aspects of the global sourcing strategy?
Chapter 10 Solutions
Purchasing and Supply Chain Management
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Similar questions
- What are the alternatives to worldwide sourcing?arrow_forwardOrganisations today aim at expanding their supply base and including foreign suppliers primarily for getting a better value as compared to domestic suppliers - Explain with reasons. In the light of above statement explain the benefits of Global Sourcingarrow_forwardDescribe supplier selection and evaluation process and what are the differences between local and global sourcing? Explain also in which situations either of the options are preferable.arrow_forward
- Discuss why single-sourcing is attractive to some companies.arrow_forwardReact to these statements: Discuss the advantages and disadvantages of sourcing a product's raw materials in the local market versus the global market. How does this decision affect the final quality of the product manufactured by the company? Analyzes the factors of outsourcing and carrying out the necessary processes that benefit the company. What controls should a company establish to prevent the outsourcing process from affecting the quality of the final product?arrow_forwardMany 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?arrow_forward
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