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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 5DQ
Summary Introduction
To explain: The advantages of establishing an international purchasing office and the services provided by the office.
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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Students have asked these similar questions
what are the advantages of establishing an international purchasing office? what services would such an office provide?
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Purchasing and Supply Chain Management
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- Explain the importance of international trade ? no reference material and can you answer me as soon as possiblearrow_forwardExplain any four (4) reasons why a foreign supplier could be selected as a preferred source..arrow_forwardWhat are main advantages and disadvantages of having a global supply chain?arrow_forward
- Procurement often lacks a strategic focus and, in consequence, is viewed as an administrative function. Do you agree?arrow_forwardWhat is the two specific strategies that are available to minimize the duty assessment you will pay on the intermediate and finished goods to export them?arrow_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
- Procurement- 1)The summary reason for using a global supplier is that better value is perceived to be available from them vs from a domestic source. True False 2)A global supply management arrangement where you put an office in a country where you buy but don't otherwise have a presence is called a _____________?arrow_forwardInternational trade may offer lower unit prices but at a higher risk. Consider the total cost and trade off lower production costs with higher priced transportation and more uncertain delivery schedules. Add in disruptive weather patterns, multi-language requirements, and fluctuating exchange rates; not to mention political turmoil, labor disputes, and unique tariffs and duties. throughout the world there is one source for Schachtel Schmuggel Bannware: CousinsAg, a domestic supplier located in Wahoo, Nebraska Throughout this turnaround, we will ship utilizing Twenty-foot Equivalent Units (TEUs) from each location. Assume the following: Projected Annual Demand is 21,500 units There are 365 days in a year All product will be shipped to a distribution center in Alliance Fort Worth (AFW) where we will service our customer's needs Inventory carrying cost is 32.2% A TEU container can hold up to 600 units of our product. The Harris EOQ formula is Q* = SQRT((2*Annual Demand*Ordering…arrow_forward
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