Today we hear more and more about the global economy. The world is shrinking, jobs are being outsourced overseas, and Procurement Managers deal with international markets to find the best deal on procuring finished goods, services and raw products for their Companies. But in all, the excitement about the global economy, emphasis on the local options has never been left behind. In many cases, Companies find that buying local has many benefits that far outweigh just buying for price overseas and can even be better priced right here locally.

Question

REQUIRED:

Justify five arguments in favour of “local sourcing” in preference to “global sourcing”.

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