Which of the following are the main contents we learned in this class?
Worldwide sourcing timeline
Why sourcing worldwide
Barriers to global sourcing
Which of the following are the advantages of worldwide sourcing?
cost/price
access to technology
quality
presence in foreign market
competition to domestic sources
availability
"Meet competitor buying patterns" refers to conducting overseas sourcing to catch up with and surpass competitors.
“Introduce Competition to Domestic Suppliers” to introduce some competition to domestic suppliers to ensure the quality of procurement.
Which of the following are the barriers to worldwide sourcing?
increased supply risk
longer lead times
resistance to change
currency fluctuations
culture, customs language
lack of skills
Which of the following is a risk that a business cannot avoid?
lack of skills
resistance to change
currency fluctuations
Increased supply risks include:
currency exposure
logistics
longer lead times
government issues
How to overcome barriers to worldwide sourcing?
Education and training
Publicize success stories
Deploy various technologies
Measurement and reward systems