purchasing and supply management 1

Test

Answer the following questions

1) Define and differentiate the following term and list 3 benefits and 3 negative aspects of each:

Offshoring:

Outsourcing:

Reshoring:

Insourcing:

Foreign Direct Investment (Captive Offshoring)-

2) List 5 potential cases for supply chain disruptions when sourcing overseas.

3) List 5 strategies to mitigate disruption risk. What would the cost (tradeoff) be for each?

4) List and explain 5 corporate social responsibility issues that should be considered when sourcing globally.