Discuss advantages global versus domestic sourcing

Reference no: EM132451983

Question 1: Prepare a summary of no less than 1,000 words, accompanied by a flowchart that describes or outlines the steps that occur in a typical sourcing process for a global manufacturing firm. Provide a brief evaluation of the steps as illustrated in your flowchart. Address the challenges and opportunities for insourcing versus outsourcing parts, as well as discuss the advantages and disadvantages of global versus domestic sourcing.

Include the following:

Translating corporate objectives into procurement goals
Establishing business unit requirement processes
Conducting supply market research
Setting material management goals
Strategic execution
Reciprocity

Reference no: EM132451983

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