Global sourcing involves looking for goods and services outside ones borders. It is a procurement strategy in which firms try to find the most cost-efficient place globally for manufacturing goods. According to purchasing and procurement professionals, companies should be able to source both inside and outside their national borders. They are then subsequently better able to compete.

Choose any company in the clothing industry and answer all the 3 questions:

Question One (20 Marks)

Critically explain various reasons that may cause an international supplier to be preferred by your company.

Question Two (20 Marks)

Should your company decide not to opt for global sourcing, critically explain the different ways in which efficient purchasing can contribute greatly to the overall profitability and prosperity of your company.

Question Three (20 Marks)

Identify and critically discuss different essential steps in the purchasing process by applying this to your company of choice.

REQUEREMENTS:

Length: Approximately 12 pages including the cover page and the reference page.

The length of your answers to each question should be in line with the mark allocation.

Your project should include a Table of Contents page.

Your answers must include any theories, charts, tables or exhibits necessary to support your analysis and recommendations.

You MUST use theory/literature to support your discussion/observation and opinions.

References - At least 4 sources of reference (Study guide, textbooks, internet, etc.) must be included in your bibliography. Information quoted/paraphrased from sources listed in your bibliography must be referenced in-text. The Harvard system of referencing must be used.

It is imperative that students proof-read and edit their projects prior to submitting it.

Projects must be free from errors and of a professional standard.