Question
What are the advantages of global sourcing?
Answers
Advantages of Global Sourcing: The global sourcing has following advantages:

Low cost manufacturing
Tapping skills and resources that are not available in the home nation
Seeking the benefit of alternate suppliers
Utilizing an efficient supply chain management systems
Learning global business skills
Meeting competition prudently and efficiently

Disadvantages of Global Sourcing: Disadvantages of global sourcing are as follows:

No exposure of international culture, traditions and beliefs
Hidden costs related to different time zones and languages
Financial and political risks associated with emerging economies
Risk of losing intellectual properties, patents and copyrights
Long lead times
Labor problems and labor related issues
Unnecessary shutdowns and supply interruptions
Difficulty in supervision
Difficulty of monitoring goods and services quality   Your Comment




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