Get premium membership and access questions with answers, video lessons as well as revision papers.
Level 1: Domestic buying but often progressing toward international purchasing because of
a lack of suitable domestic suppliers.
Level 2: International purchasing usually limited or performed on an ad hoc or reactive
basis.
Global Sourcing and Logistics
Level 3: Making international purchasing part of the firm’s sourcing
strategy but the strategies are not well coordinated across worldwide
buying sites and usually focus on price improvements.
Level 4: Requires worldwide information systems, personnel with advanced knowledge and skill sets, an extensive coordination and communication mechanism and an organizational structure that supports global integration and an executive leadership that can clearly articulate a global vision.
Level 5: This integration, which often involves the coordination of design and procurement
activities, occurs during the development of new products and technology as well as during
the sourcing of items or services to fulfill existing demand. This is the highest level of global sourcing.
Titany answered the question on November 24, 2021 at 12:52
- Benefits of international/global sourcing(Solved)
Benefits of international/global sourcing
Date posted: November 24, 2021. Answers (1)
- Factors Concerned With Increased Risk Exposure(Solved)
Factors Concerned With Increased Risk Exposure
Date posted: November 24, 2021. Answers (1)
- Risks of international buying
(Solved)
Risks of international buying
Date posted: November 24, 2021. Answers (1)
- Reasons for international sourcing
(Solved)
Reasons for international sourcing
Date posted: November 24, 2021. Answers (1)
- Drivers of Globalization
(Solved)
Drivers of Globalization
Date posted: November 24, 2021. Answers (1)
- Define the term global sourcing in business(Solved)
Define the term global sourcing in business
Date posted: November 24, 2021. Answers (1)
- Importance of the Physical Environment to a Business (Solved)
Importance of the Physical Environment to a Business
Date posted: November 24, 2021. Answers (1)
- How does ecology affect business?(Solved)
How does ecology affect business?
Date posted: November 24, 2021. Answers (1)
- Discuss the effects of technology in the business environment(Solved)
Discuss the effects of technology in the business environment
Date posted: November 24, 2021. Answers (1)
- Discuss the technology environment as a classification of business environment(Solved)
Discuss the technology environment as a classification of business environment
Date posted: November 24, 2021. Answers (1)
- Discuss the social environment as a classification of business environment(Solved)
Discuss the social environment as a classification of business environment
Date posted: November 24, 2021. Answers (1)
- Discuss the business ethics environment as a classification of business environment(Solved)
Discuss the business ethics environment as a classification of business environment
Date posted: November 24, 2021. Answers (1)
- Discuss the cultural environment as a classification of business environment(Solved)
Discuss the cultural environment as a classification of business environment
Date posted: November 24, 2021. Answers (1)
- Discuss the economic environment as a classification of business environment(Solved)
Discuss the economic environment as a classification of business environment
Date posted: November 24, 2021. Answers (1)
- Discuss political and legal environment as a classification of business environment(Solved)
Discuss political and legal environment as a classification of business environment
Date posted: November 24, 2021. Answers (1)
- Discuss market environment as a classification of business environment(Solved)
Discuss market environment as a classification of business environment
Date posted: November 24, 2021. Answers (1)
- List the classifications of business environments sectors(Solved)
List the classifications of business environments sectors
Date posted: November 24, 2021. Answers (1)
- What is the purpose of business environmental analysis?(Solved)
What is the purpose of business environmental analysis?
Date posted: November 24, 2021. Answers (1)
- Distinguish between internal and external business environment(Solved)
Distinguish between internal and external business environment
Date posted: November 24, 2021. Answers (1)
- Characteristics of a Business Environment(Solved)
Characteristics of a Business Environment
Date posted: November 24, 2021. Answers (1)