Globalisation

Question 1

Advantages of Global sourcing

Answer 1

1. Reduce costs
   2.Higher quality materials
2. Developing alternatives

Question 2

Global sourcing

Answer 2

The practice of seeking the most cost-effective materials and other inputs, including from another country

Question 3

Disadvanatges of global sourcing

Answer 3

1. Long lead time
   2.Higher risk of interrupted supply
2. Language barriers
   4.Quality of inputs

Question 4

Overseas manufacture

Answer 4

production if a good in another country that is diffferent to the location of the business headquarters

Question 5

Global outsourcing

Answer 5

Constructing of a specific business operation to an external person or business in another country

Question 6

Advantages of OM

Answer 6

1. Cheaper manufacturing
   2.Close to suppliers
   3.New export markets

Question 7

Disadvantages of OM

Answer 7

1.Longer delivery times
2.Higher risks of interruptions
3.Language barriers

Question 8

Advanatages of GO

Answer 8

1.Cheaper manufacturing process
2.Business can focus on core activities they do best

Question 9

Disadvantages of GO

Answer 9

1.Harder to protect confidential information
2.High risk of interrupted supply
3.Language barriers
4.Hard to measure outputs

Question 10

Supply Chain Management

Answer 10

Management and storage of raw materials, in work and inventory and finised goods