What is encompassed by total cost of ownership

Reference no: EM132552415

Question:

LO1: Categorize issues and concerns in global sourcing decisions
LO2: Examine the need for inventory in global supply chains and the impact of lead time on a global supply chain

Prompt: We can compare supplier''s performance based on the total cost of ownership. What is encompassed by total cost of ownership? How does a company understand all of the costs? How might higher acquisition costs from a specific supplier be justified? In addition to reading your assigned resources for week 4, research online definitions for outsourcing, offshoring, nearshoring, and risk sharing.

Instructions: Your initial reply to the forum question should be posted no later than Thursday midnight and should include a minimum of 275 words. Additionally, you are to respond to a minimum of two fellow students with a posting containing over 150 words. Your original post should incorporate concepts and materials that you have researched and learned this week. Please include a minimum of one attribute for an internet resource to support your findings in addition to a citation from your textbook. These postings are research based and should be based on what you learned in addition to your own experiences and insights. Opinions are allowed, however they should not constitute the majority of the initial forum posting. Please note that for all Forum postings where an author is quoted or paraphrased, an attribution to the source or sources should be placed at the bottom of the forum posting.

Reference no: EM132552415

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What is encompassed by total cost of ownership : Categorize issues and concerns in global sourcing decisions and Examine the need for inventory in global supply chains and the impact of lead time

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