Competency Distinguish the strategic actions that differentiate between successful domestic and international sourcing plans. Course Scenario You have been in the Emerging Leaders Onboarding Learning...

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Competency


Distinguish the strategic actions that differentiate between successful domestic and international sourcing plans.


Course Scenario


You have been in the Emerging Leaders Onboarding Learning and Development program for one quarter and have experienced a few successes. During this onboarding-program you have participated in assessments and completed a leadership development outline to help you to identify and understand your organizational leadership style. Now let us move forward in the onboarding program where you are asked to develop a sourcing plan. To help you to distinguish the strategic actions that differentiate between successful domestic and international sourcing plans you are required to complete a comparison table.


Instructions

For the table include two-three bullet points for each type of sourcing plan. Once the comparison table is completed address the following questions:

  • What does a successful domestic sourcing plan entail? Explain how you as an Emerging Leader will implement a successful domestic sourcing plan.

  • What does a successful international sourcing plan entail? Explain how you as an Emerging Leader will implement a successful international sourcing plan.

Answered Same DaySep 26, 2021

Answer To: Competency Distinguish the strategic actions that differentiate between successful domestic and...

Perla answered on Sep 26 2021
145 Votes
Strategic Actions that differentiate between successful domestic and international sourcing plans:
Table 1 Domestic Vs international sourcing
    S.No
    Domestic sourcing plan
    International sourcing plan
    
    · Quality control is more difficult for domestic sourcing companies
· This takes in lower access time
· Domestic sourcing is much expensive
    · Quality control is difficult – since the sourcing will be from international sources
· Takes more time for getting into the market
· International sourcing is cheaper as economies of scale make a major role.
(i) Successful domestic sourcing plan
A successful domestic plan needs to be something that can safeguard the advantages available in the domestic sourcing as well should able to prevent the possible demerits as well. For instance the successful domestic sourcing plan will be more exhaustive, can be sourced from diverse companies from the domestic medium and also able to have close quality control over the products received in(Niu et al., 2019). However the lead time for the domestic...
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