Global Sourcing Concept
Write a paper of 600–800 words that discusses the following:
- 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?
Please submit your assignment.
Global sourcing is the practise of getting goods and services mainly from the global markets across the states boundaries. Global sourcing aims at minimizing labor costs, raw materials expenses and other upcoming economic prices…