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International Business: The New Realities, 5th Edition
book

International Business: The New Realities, 5th Edition

by S. Tamer Cavusgil, Gary Knight, John R. Riesenberger
January 2019
Intermediate to advanced content levelIntermediate to advanced
576 pages
33h 19m
English
Pearson
Content preview from International Business: The New Realities, 5th Edition

Global Sourcing

Global sourcing relies on a contractual relationship between the buyer (the focal firm) and a foreign source of supply. It is also called importing, global procurement, or global purchasing. Dell (www.dell.com) relies on a manufacturing network composed largely of independent suppliers located around the world. Exhibit 13.7 details the sourcing required for parts and components of a typical smartphone, from suppliers located worldwide.8

Exhibit 13.7

Global Sourcing for a Typical Smartphone

A diagram presents an example of global sourcing for a typical smartphone.

Source: scanrail/123RF

Global sourcing is a low-control strategy in which the focal firm sources from independent ...

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Publisher Resources

ISBN: 9780136763017