23 Jul 1. If your organization or one with which you’re familiar glo
1. If your organization or one with which you’re familiar globally sources at least one material or service, please (a) describe the item being sourced and its importance to the organization and (b) why they are sourcing it globally, i.e. low cost, close to production, etc. (c) identifying an advantage and disadvantage to global sourcing that would apply to this organization. Why? OR (d) identify a specific cost that might be included in the total cost analysis. Why?2. Find an article that refers to a globally sourced product or service and estimate (a) its importance to the company and (b) why they are sourcing it globally.(c) identifying an advantage and disadvantage to global sourcing that would apply to this organization. Why? OR (d) identify a specific cost that might be included in the total cost analysis. Why?Be sure to include the link to the article and support your estimates based on information from the course.Resources & ReferencesPlease read the following reference materials for Lesson 4 on Global Supply Chains: Managing a global vs. local supply chain @ WT100 (need to register, which is free)…Managing a Global vs. Domestic Supply Chain.pdf (Links to an external site.)Links to an external site. Insight on best practices in managing a supply chain:How to Manage a Global Supply Chain (Links to an external site.)Links to an external site. A link on some differentiation of Total Cost of Ownership between industries, as well as further links on the Total Cost concept:Total Cost of Ownership (TCO) (Links to an external site.)Links to an external site. A link to write up by Symphony Consulting on the challenges to outsourcing manufacturing for small & medium sized organizations:http://www.arenasolutions.com/resources/articles/manufacturing-outsourcing-challenges/ (Links to an external site.)Links to an external site. Visibility to total costs…Total Cost Visibility: The Key to Strategic Sourcing Success (Links to an external site.)Links to an external site.
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