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 6DQ
Summary Introduction
To explain: The reasons why a firm should use an external agent for 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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Discuss how Free Tarde Zones (FTZ) can improve on the advantages gained from worldwide sourcing.
Order the modes of entry in terms of associated costs and risks from smallest to largest:
Costs:
Risks:
Foreign 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 reasons for global sourcing and make reference to the attachment
Chapter 10 Solutions
Purchasing and Supply Chain Management
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- Foreign 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_forwardtypes of international entry mode and adivantage and disadivantage each modearrow_forwardResearch the job of a global sourcing manager and describe the job duties, travel requirements, and skill set.arrow_forward
- Discuss FIVE (5) key factors which Walmart had to take into consideration when assessing the suitability of suppliers. Describe TWO (2) ways in which Wal-Mart benefits from good sourcing decisionsarrow_forwardUse factor rating to evaluate both country and outsource providersarrow_forwardExplain the six challenges organizations in international sourcing (with a short explaining each challenge).arrow_forward
- Describe two ways in which Walmart benefits from good sourcing decisions.arrow_forwardExplain what is risk in internationally sourcing ?arrow_forwardWith the growing complexity of managing worldwide supply chains, coupled with significant pressures to reduce cost at the firm level, supply managers must learn to manage the inherent risks of global sourcing effectively and efficiently. Where is the supply chain organization vulnerable to potential risk? Identify at least four risks. Why is the organization vulnerable? How will this risk affect the organization if it happens? How will this risk affect the organization’s customers and suppliers? What are the causes of the risk?arrow_forward
- Zero-sum Importers are considering outsourcing the distribution of their product, in view of the projected sales. Support Zero-sum’s outsourcing idea by highlighting any four advantages of outsourcing distribution that are applicable to the business.arrow_forwardWrite short notes on “risk in international sourcing” using practical examples of industry or literature.arrow_forwardCould you provide additional information about the difficulties that businesses face for implementing logistics and procurement management?arrow_forward
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