Please give a detailed explanation for this chart.
Understand the Problem
The question is requesting a detailed explanation of the chart that outlines the factors contributing to global sourcing success, including decision-making processes, operational activities, communication methods, and resource management.
Answer
The chart shows steps for successful global sourcing, from decision-making to information sharing and resource management.
The chart outlines key factors for success in global sourcing. It starts with 'Centrally coordinated/led decision making' leading to 'Decentralized operational activities,' which supports 'Real-time communication methods.' This is linked to 'Information sharing with suppliers.' 'Critical resources available' supports 'Sourcing and contracting systems' and 'International purchasing office support'.
Answer for screen readers
The chart outlines key factors for success in global sourcing. It starts with 'Centrally coordinated/led decision making' leading to 'Decentralized operational activities,' which supports 'Real-time communication methods.' This is linked to 'Information sharing with suppliers.' 'Critical resources available' supports 'Sourcing and contracting systems' and 'International purchasing office support'.
More Information
This chart represents a process flow highlighting essential components in global sourcing. It emphasizes central coordination, effective communication, and resource availability as critical to successful international procurement strategies.
Tips
A common mistake is misunderstanding the interconnections and sequence of activities. Follow the arrows to trace the logical flow.
Sources
- What is a Chart? | Definition, Types & Examples - Study.com - study.com
- Figures and Charts - UNC Writing Center - writingcenter.unc.edu
