Global Sourcing Vs. Domestic Purchasing Research Paper

Conclusion

It seems that global sourcing is best way to go when expanding the business even though, domestic sourcing will provide familiar suppliers. "For example, Wal-Mart identifies common products used throughout the world and "determines whether there is an opportunity to improve quality, reduce costs and, by working with a best-in-class supplier, achieve better replenishment and new item introductions (1)." For instance, Wal-Mart has worked with its copy-paper sales supplier to offer new products and more value to customers throughout the world. By actively working with these suppliers, Wal-Mart has realized sales increases of 46% in England, 94% in Germany, 38% in Canada, and 25% in U.S. discount stores, and a 13% increase at Sam's Club stores" (Frahm 2010). Global sourcing vs. domestic sourcing, global sourcing wins due to the benefits that it can provide despite the downfalls, it may have, which can be prevented by due diligence.Frahm, Scot. Global Sourcing: Levels and risks. 2010. Lesson Learned. http://scrc.ncsu.edu/public/LESSONS/less031903.html

Trent, Robert J.; Monczka, Robert M. Achieving excellence in global sourcing: global sourcing is an increasingly popular business strategy, but it's not easy to execute. There are seven typical characteristics of organizations with outstanding global sourcing. 2005. 21 April 2010. http://www.accessmylibrary.com/article-1G1-139260571/achieving-excellence-global-sourcing.html

Lind, Michael. 2004. Are We still a middle-class nation. 21, April 2010. http://www.newamerica.net/publications/articles/2004/are_we_still_a_middle_class_nation

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2006. New York: The McGraw-Hill Companies.

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ComplexityMasters: Goodyear 2006. 21 April 2010

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