Global Sourcing Essays

Global Sourcing Essays-48
The lectures frame the tools and concepts to understand the management of global sourcing and the challenges therein.

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The focus is then directed towards specific purchase categories matching internal users (stakeholders), which are often geographically dispersed, with suppliers able to comply with the needs of the global organization.Outsourcing generates approximately 0billion a year and most of these funds are paid as labour cost to workers and freelancers from developing regions such as India, China and parts of Africa.Enterprises in the western world have continued to embrace the flexibility offered by outsourcing for it enables these workers to save costs and minimize capital resources.The purchase categories may involve both specific bill-of-material items and more generic purchase categories such as IT and transportation services; the latter often representing a major cost spend element for global sourcing organizations.Contract management and compliance is then discussed as is power issues and negotiations with suppliers.Also spending the received funds in one’s home country directly impacts the standard of living there in a positive manner.In conclusion, the developing world has a lot to gain from outsourcing for it provides these regions with opportunities to grow as well as create friendly policies for its citizens and business climate that can attract more investments from the developed world.Finally, digitalization of procurement for example in the form of e-procurement is discussed.Visitors from practice will contribute; emphasis on discussion of these practice cases from a theoretical perspective.And one of the important things required for a better society is the provision of job opportunities to every individual who is qualified for one.Therefore, this essay will focus on how outsourced jobs and remote employment increase the standard of living in developing countries.

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