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Provide thorough responses to each of the questions listed below. Upload your document to DropBox by the stated due date. 1. Why is it critical to have a smaller supply base before committing to a supplier management and development program? 2. Discuss the advantages and disadvantages of an optimized supply base. How can a buyer overcome the disadvantages? 3. What is a full-service supplier? What are the benefits of using full-service suppliers? 4. Why is the Honda approach to supplier development and improvement not widespread among U.S. firms? 5. Of the barriers to supplier development mentioned in this chapter, which ones, in your opinion, are the most difficult to overcome? 6. Discuss whether globalization and the subsequent growth in worldwide sourcing will have a positive or negative effect over the long run in the United States. Why? What are the alternatives to worldwide sourcing? 7. China, India, eastern Europe, and other developing countries have been sourcing hot spots. Explain why and also discuss any problems you see in sourcing from these low-cost countries. 8. What are the most important reasons for pursuing worldwide sourcing today? 9. How do outsourcing, nearshoring and offshoring, and re-shoring differ? What characteristics determine if a firm chooses to offshore and/or nearshore, and why? 10. What are the factors that drive successful global sourcing programs, and what do you feel are the biggest obstacles to global sourcing