Reduce the risk of product shortages in future

Assignment Help Business Management

Reference no: EM133117617

We have seen our economy devastated by the Coronavirus and for the first time ever, many consumers want to know where their products actually come from. They want to see the full Supply Chain and question why we are dependent on other countries for manufacturing the supply of so many important goods Manufacturing Dependency. This happened over many years, primarily driven by cost considerations (cheaper to buy products produced in another country where labor is cheap). Sourcing and Purchasing professionals are responsible for this decision. Now, as we consider "Made in America" we will be faced with products costing more due to the higher labor rates of American workers. Will we:

Find ways to offset the higher cost? If so, how and if it can be done, why hasn't it already been done?

Accept paying more for anything American made?

Continue to buy offshore? If so, will we do anything to help reduce the risk of product shortages in the future?

Reference no: EM133117617

Questions Cloud

Company policy for employee recycling of electronic products : You and several other managers are concerned about the physical environment becoming cluttered with discarded electronic products,

Create your purchasing strategy : From your experience and by conducting research online explain how and why you must work within your supply chain as you create your purchasing strategy.

Coporate responsibility : Discuss how the fraud breaches director's responsibilities from a fiduciary, financial and discretionary point of view.

Demand forecasting results in estimate of future demand : Demand forecasting results in an estimate of future demand and gives an organization a basis for planning and making sound business decisions.

Reduce the risk of product shortages in future : Continue to buy offshore? If so, will we do anything to help reduce the risk of product shortages in the future?

Organizational level strategy : How should firms select an organizational level strategy? Who is typically involved in the process?

Unique voice as scholar : The lead-out is where you conclude the paragraph and its corresponding argument. It also provides an opportunity to emphasize your unique voice as a scholar.

Describe how another health care product : Describe how another health care product or service may be influenced by a different external factor.

Importance of quality improvement in health care : Analyze how the organization's mission, vision, and values impact your leadership strategy. Explain the importance of quality improvement in health care.

User Account

All Pages