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Managing Global Supply and Risk by Llewellyn Roberts, Robert Trent

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UNDERSTANDING GLOBAL RISK

As Chapter 1 made clear, most supply organizations engage in international purchasing primarily to realize lower prices for goods and services. Lower costs can result from lower labor costs, lower cost of capital equipment, and lower cost of material. Buying from suppliers in developing markets, however, entails risk, and supply managers who do not consider these risks leave themselves open to some nasty surprises. Costs of additional inventory, potentially substandard products, longer lead times, and increased transportation costs, to name a few, can potentially outweigh any price savings achieved.

Supply and supply ...

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