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15 Cards in this Set
- Front
- Back
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The focus has been on a single aspect of outsourcing:
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the migration of jobs and, in particular, the outsourcing of white-collar jobs
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What few countries are often targeted as the ones that are displacing American workers by offering cheap labor? The intense attention on the outflow of work to overseas locations has generated fear about which jobs or professions will be outsourced next.
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India and China
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There are many _____ considerations that you must learn in order to be successful. This is one reason that many companies hire brokers to do their sourcing
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ethical
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_________and _________ can create problems also. Longer times can increase inventory needs and drive up carrying costs. The extended lead time also might push back the date at which a firm is able to introduce new products to the market.
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Lead and Delivery times
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A third problem companies face in global sourcing is __________. Many times there are delays and confusion in translations. Sending documents via couriers or the postal service is often time-consuming and creates problems of obsolescence, more confusion, and late or even lost deliveries. However, there has been an increase in the use of the intranet to eliminate the time delay and confusion.
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communication
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The buying professional who is considering offshore sourcing must be prepared to fully analyze both the ___________ and _____________.
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Qualitative and quantitative factors
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_________ is now a major player in the world economy and accounts for more than 6% of world trade.
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China
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The major problems when doing business in Chain are the _____, _______, and a ______. A well specified procurement strategy is a basic requirement when buying from China.
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language barrier, business practices, and a fluid and diverse legal system
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The ________ created trade zones to encourage exports from foreign countries. The act allowed for the storage of goods within the U.S. boundaries without payment until the goods passed to the buying company.
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The FTC Act of 1934
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The _________ are operated by the United States Customs Service. When goods enter an FTZ, the goods are classified, inspected, and placed in storage. A receipt is then given to the owner.
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foreign trade zones
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The ____________ is notified when the goods are transferred to the ultimate buyer. The appraisal value of the goods is set by the transaction value.
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The Customs Service
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_______ is the exchange of goods for goods in full or partial payment of a sales transaction.
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Countertrade
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__________ is a form of agreement that involves the purchaser being given a share in the manufacture of a foreign-designed product.
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Coproduction
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__________ is when licensed production occurs when the recipient obtains a share of the production work for its own order.
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Licensed production
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_________ is the nonmonetary exchange of goods for goods.
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Barter
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