Chapter 13 Global Sourcing

Learning Objectives

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 ...

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