SCM 355 Important Concepts Chapter 10

SCM 355 Important Concepts Chapter 10 - SCM 355 Important...

Info iconThis preview shows pages 1–2. Sign up to view the full content.

View Full Document Right Arrow Icon
SCM 355 Important Concepts Chapter 10 (Worldwide Sourcing) Why Source Worldwide? Cost/price benefits Access to product and process technology Quality Access to only source available Introduce competition to domestic suppliers React to buying pattern of competitors Establish a presence in a foreign market Barriers to World-wide Sourcing Lack of understanding international purchasing proceedures Resistance to change and/or shifting from a long-standing supplier Longer lead times and material pipelines Lack of knowledge about foreign business practices, language and cultural differences Overcome through education and training Progressing from Domestic Buying to International Purchasing Information about worldwide sources International industrial directories Trade shows Trading companies Third-party support Trade consulates Supplier Selection Issues-Questions to Ask (page 311) Cultural Understanding Language and Communication Differences Logistics Issues Legal Issues Organizational Issues Counter trade Requirements Barter Counter purchase Offset Buy-back Switch trading
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Image of page 2
This is the end of the preview. Sign up to access the rest of the document.

This note was uploaded on 06/24/2008 for the course SCM 355 taught by Professor Pearson during the Spring '08 term at ASU.

Page1 / 2

SCM 355 Important Concepts Chapter 10 - SCM 355 Important...

This preview shows document pages 1 - 2. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online