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 9DQ
Summary Introduction
To explain: The differences in outsourcing, offshoring, nearshoring, and re-shoring and the characteristics that make a firm to choose each of them.
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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Your company has seen tremendous growth in sales within the U.S. and you now want to expand to the European market. Your logistics provider discussed the benefits of subcontracting your manufacturing to Asia. Question: What are some of the advantages and disadvantages of production outside the U.S.? Hint: The evolution Outsourcing, Nearsourcing and Friendshoring
- Logistics Management
Answer the following questions.
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Purchasing and Supply Chain Management
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- What transportation and logistics activities should be considered for outsourcing in this situation? Should Jetstream obtain these services on a tactical or strategic basis?arrow_forwardWhat characteristics determine if a firm chooses to offshore and/or nearshore, and why?arrow_forwardDoes it surprise you that logistics has such an important economic impact? Why or why not?arrow_forward
- Is Logistics different from Supply Chain Management? Please provide an example.arrow_forwardWhat factors should organizations consider when deciding whether to outsource certain business functions or processes, and what strategies can they employ to effectively manage and mitigate the risks associated with outsourcing arrangements?arrow_forwardYou are selected to be part of the team in the Raju’s Hill Strawberry Farm located in Cameron Highlands. (a) Examine the logistics activities throughout the supply chain from raw materials to end user. (b) Formulate the Integration Strategy to export Cameron Highland's strawberry products to Singapore. (c) Explain the benefits of implementing Vertical Integration.arrow_forward
- Recognizing today's endless globalization and internalization, companies are required to improve their logistic capacity. How this statement supports the views that logistics plays an important role in one nation’s development? Support your answer with relevant examples.arrow_forwardHow will you mitigate the action in terms of your material and logistics management?arrow_forwardwhy would any firm whether global or otherwise seek to collaborate with another firm be it local or foreign? ( explain all point of question with proper answer) .arrow_forward
- Globalization can be described in broad terms as a process that makes something worldwide in its reach or operation. Currently, globalization is most often used in reference to the spread and diffusion of economic or cultural influences. Discuss at least 2 pros and cons of globalization.arrow_forwardMany companies are moving towards global operations. Foresee the implications for logistics networks. Support your answer with at least one example.arrow_forwardFor a business such as Yebo Sauces, running an effective and efficient warehouse operation could lead to growth in the local market as well as export markets. Therefore, their warehousing decisions have to consider the spatial perspectives adequately and accurately, lest they invest funds in an infrastructure that does not yield the returns they seek. Write an essay of no more than 750 – 900 words (1 1⁄2 - 2 pages), in which you: 1. Examine how the following factors influence the ability of the southern African region to develop regional value chains and supply chains, and to participate in global production networks. a. Lack of competitiveness on the global market. b. Trade barriers. c. Peripheral location in relation to global markets. ( In what ways could transport cost and labour cost impact the decision of the Yebo Sauces business and other South African businesses, in reference to industrial location theoryarrow_forward
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