| DPS 57035 | 24 |
A critical component of any procurement strategy, global sourcing is the focus of this course. It is especially important today to integrate global sourcing decisions with inbound logistics and to consider total cost implications of global vs. domestic sourcing. The course examines low-cost country sourcing both from the point of view of barriers and facilitators. From Africa and Asia to Europe and Latin America, you will learn about sourcing around the world, including sourcing in the U.S. and Mexico. This Course also deals with types of intermediaries (customs brokers, 3PLs and trading companies) as well as freight and payment terms. You will gain the ability to evaluate global sourcing alternatives and to communicate in a cross-cultural context.
Prerequisites
Outcomes
Upon successful completion of this course, students will be able to:
- Understand major issues of the global sourcing environment, such as barriers and facilitators to global sourcing, with special reference to low-cost country sourcing
- Conduct a total cost of ownership (TCO) comparison; including pre-transaction, transaction and post-transaction costs; of sourcing an item domestically versus from a low-cost country
- Identify important issues in the sourcing environment, such as drivers and challenges to sourcing from Mexico and the United States
- Discuss intellectual property and threats to it, including piracy and counterfeit goods and understand other security issues, including hijacking, bottlenecks, and terrorism
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