Challenges of the Global Sourcing Concept

Challenges of the Global Sourcing Concept

Part 1 Introduction to Supply Chain Management

Write of 600 words

Identify at least 5 of the risks or challenges today of the global sourcing concept.

• • Discuss how a firm’s global sourcing manager may address tow of these.
• Given these challenges, what are at least 3 advantages of sourcing products or product components from global sources versus just a firm’s own countries’ suppliers?

Solution Preview

Global sourcing emphasizes the need to identify opportunities globally to lower prices, improve quality or gain efficiency. In its nature, global sourcing is complex as it aims at integrating the purchasing function as an important organizational…