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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Purchasing and Supply Chain Management
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