1.

What Are The Advantages Of Global Sourcing?

Answer»

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

Advantages of Global Sourcing: The global sourcing has following advantages:

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



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