Cass Study Essay
1. Read the case study
2. Answer the following questions: : What factors should Pam consider in making a decision to source globally? | : If you were a purchasing consultant hired by Pam, which cost effective method can you advice her to use in sourcing Dried floral globally. | : As a procurement officer what lessons can be learnt from this case study and what actions would you put in place? | : Why is Pam able to save 40 percent by buying offshore? What is the difference about the overseas transaction versus the local transaction? | : What are the issues that Pam may encounter with global sourcing that she is not expecting currently? |
Note in each of the question you are suppose …show more content…
Different region have diverse cultural morals that could hinder the attainment of economies of scale for the business.
14. Other issues
Where manufacturing is outsourced to nations for cheaper labor, there could be issues pertaining to lead in time Summary
The above represents the key factors to consider when making global sourcing decisions. Whether you are new to importing, or just considering sourcing from new origin region, remember there are numerous resources available to help make a well-thought-out choice. Once an informed decision is made, there is a huge opportunity to enjoy conducting profitable business in the global market.
2. If you were a purchasing consultant hired by Pam, which cost effective method can you advice her to use in sourcing Dried floral globally. * Employee productivity
It is important to establish key performance indicators to measure employee production, and retain and reward top performance. Productive employees lead to cost savings. * Replicating best practices
If your competitor has used innovative, cost-saving processes, you too can incorporate these in your business rather than reinventing the wheel. * Cash management
Small companies with limited to no staffing in the financial area often do not consider the impact of improved cash management. * Review Marketing strategies and plans
As marketing is a