Question: Define global sourcing. Include a worldwide sourcing overview. Document the impact of globalization including: 1) Interdependence 2) Connectivity 3) Integration of economies 4) Social

Define global sourcing. Include a worldwide sourcing overview. Document the impact of globalization including: 1) Interdependence 2) Connectivity 3) Integration of economies 4) Social impacts 5) Technical impacts 6) Political impacts Discuss the cost/price benefits/challenges of global sourcing 1) Lower labour costs 2) Different productivity levels 3) Exchange rate differences and their effects 4) Lower cost materials and inputs 5) Possible government subsidy arrangements

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Global Sourcing Global sourcing refers to the practice of seeking goods services or components from suppliers located around the world to fulfill business needs It involves identifying and utilizing t... View full answer

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