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10 Cards in this Set
- Front
- Back
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The procurement of products or services from independent suppliers or company-owned subsidiaries located abroad for consumption in the home country or a third country
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Global sourcing
also called global procurement or global purchasing or importing |
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The procurement of selected value-adding activities, including production of intermediate goods or finished products, from independent suppliers
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Outsourcing
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The outsourcing of business functions to independent suppliers, such as accounting, payroll, human resource functions, IT services, customer service, and technical support
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Business process outsourcing (BPO)
BPO can be divided into two categories: back-office activities, which includes internal upstream business functions such as payroll and billing, and front-office activities, which includes downstream, customer-related services such as marketing or technical support |
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The pattern or geographical arrangement of locations where the firm carries out value-chain activities
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Configuration of value chain adding activity
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Sourcing from the firm's own production facilities located abroad
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Captive sourcing
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An arrangement in which the focal firm contracts with an independent supplier to manufacture products according to well-defined specifications
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Contract manufacturing
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The relocation of a business process or entire manufacturing facility to a foreign country
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Off-shoring
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The firm's integrated network of sourcing, production, and distribution, organized on a worldwide scale and located in a countries where competitive advantage can be maximized
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Global supply chain
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the large gap between advanced economies and emerging economies
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labor arbitrage
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suggests that a firm can achieve gains in efficiency, productivity, quality, and revenues much more effectively by leveraging offshore talent
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transformational outsourcing
This is the strategic view of global sourcing |
