Global Sourcing Logistics: How to Manage Risk and Gain Competitive Advantage in a Worldwide Marketplace

T

his chapter uses the information in the earlier chapters

to build a plan of action, discussing development of a

plan to reduce risk and create the most competitive envi-

ronment to make the inbound (import) supply chain work

successfully.

Developing an Inbound Supply

Chain Risk Management Strategy

The risk management programs of a corporation should

have the following primary purposes:

• Identifying exposures

• Transferring financial risk

• Mitigating potential losses through proactive loss con-

trol

When a company sources overseas, these simple issues

become more complex, as identified in Chapter One. The

key is to work these primary purposes into the procurement ...