Offshore Sourcing
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Offshore Sourcing
• International sourcing involves buying from suppliers outside the firm’s country of manufacture
• Requires procurement personnel to view the entire World as a potential source of raw materials, components, service, and finished goods.
• Firms pursuer off shore sourcing as a reaction to increased worldwide competition or a proactive strategy to gain competitive advantage.
• Offshore sourcing-to achieve improvement in four critical areas
- Cost Reduction
- Quality Improvement
- Increased Exposure to Worldwide Technology
- Delivery and Reliability improvements
• Other reasons
- The introduction of competition to the domestic supply base
- Establishing a presence in a foreign market
- Satisfying offset requirement
- Increasing the number of available sources
For more help in Offshore Sourcing click the button below to submit your homework assignment
• Requires procurement personnel to view the entire World as a potential source of raw materials, components, service, and finished goods.
• Firms pursuer off shore sourcing as a reaction to increased worldwide competition or a proactive strategy to gain competitive advantage.
• Offshore sourcing-to achieve improvement in four critical areas
- Cost Reduction
- Quality Improvement
- Increased Exposure to Worldwide Technology
- Delivery and Reliability improvements
• Other reasons
- The introduction of competition to the domestic supply base
- Establishing a presence in a foreign market
- Satisfying offset requirement
- Increasing the number of available sources
For more help in Offshore Sourcing click the button below to submit your homework assignment