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 11DQ
Summary Introduction
To explain: The factors driving successful global sourcing programs and the obstacles to 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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What are the factors that drive successful obal sourcing programs, and what do you feel are the biggest obstacles to global sourcing?
What is global sourcing? Identify its advantages and disadvantages? Be able to elaborate these advantage and disadvantages and provide an example. How is global sourcing impacted by (1) trade agreements and (2) quality considerations? How and why might cultural considerations undermine a company’s efforts at global sourcing?
How can businesses effectively manage their relationships with suppliers and customers in a global supply chain, and what strategies can be employed to build strong, mutually beneficial partnerships?
Chapter 10 Solutions
Purchasing and Supply Chain Management
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- What are main advantages and disadvantages of having a global supply chain?arrow_forwardOutsourcing and offshoring are practices often surrounded by controversy. What are the benefits of outsourcing for businesses? For consumers? What are the disadvantages of outsourcing forbusinesses? For consumers? Should outsourcing beregulated to protect U.S. interests both at home andabroad? Why or why not?arrow_forwardExplain how international organizations such as the World Trade Organization (WTO), economic communities, and individual country regulations facilitate and limit a firm's opportunities for globalization.arrow_forward
- React 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_forwardPresent and explain the difference between licensing and franchising strategies at international level. What is the best entry strategy to export services? maximum 10 lines course: export and servicesarrow_forward
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