Asked by Tanner Hearne on Jul 21, 2024
Verified
Historically,the advantages of global sourcing were more dependable service,greater flexibility,and detailed knowledge of the buyer's specific requirements.
Global Sourcing
The practice of sourcing goods and services from the global market to take advantage of global efficiencies, such as lower cost or higher quality.
Dependable Service
A reliable and trustworthy service that consistently meets its promised criteria and customer expectations.
- Understand the effect of globalization on the planning and execution of supply chain strategies.
Verified Answer
SG
sanya gurungJul 27, 2024
Final Answer :
False
Explanation :
Historically, the advantages of global sourcing included lower cost, access to higher quality goods or unique materials, and the opportunity to tap into the expertise and capabilities of suppliers worldwide, rather than dependable service, greater flexibility, and detailed knowledge of the buyer's specific requirements.
Learning Objectives
- Understand the effect of globalization on the planning and execution of supply chain strategies.