July 2013
Intermediate to advanced
352 pages
15h 18m
English
In this chapter, you will learn about:
Outsourcing, global sourcing, and offshoring
Benefits of global sourcing
Risks of global sourcing
Strategies for minimizing the risks of global sourcing
Implementing global sourcing through supply-chain management
Global sourcing and corporate social responsibility
Global sourcing has changed the way companies do business in all kinds of industries. Focal firms shop the world for inputs and finished products to meet efficiency and strategic objectives and to remain competitive. Many of the products sold by general retailers such as Best Buy and Marks & Spencer are sourced from low-cost suppliers in emerging markets. Steinway procures parts and ...