GK
BUSINESS MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Local labour costs
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Environmental Impact
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Tariffs/tax
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Efficiency
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Detailed explanation-1: -Managing the “4 pillars” of global procurement – people, process, technology, and supply chain – is crucial for ensuring a global approach to standardizing technology infrastructure for the enterprise.
Detailed explanation-2: -Which of the following is not true in regards to global sourcing? Global sourcing cannot be used to access new markets or to gain access to the same suppliers that are helping global companies become more competitive.
Detailed explanation-3: -Levels of Global Sourcing Level 1: Domestic purchases only. Level 2: International purchases made on an as-needed basis. Level 3: Sourcing strategy that includes global purchasing. Level 4: Centrally-coordinated purchasing across global locations.
Detailed explanation-4: -Legal and Regulatory Issues. Currency and Exchange Rate Fluctuations. Political and Economic Instability. Language and Cultural Barriers. Cost Savings. Access to New Markets and Suppliers. Opportunities for Innovation. Evaluating Your Company’s Capabilities. More items •21-Dec-2022