What does Level IV of global sourcing philosophy focus on?
Understand the Problem
The question is asking about the focus of Level IV in the global sourcing philosophy, providing options that detail different sourcing strategies.
Answer
Level IV focuses on integrated and coordinated global sourcing strategies.
Level IV of the global sourcing philosophy focuses on the integration and coordination of sourcing strategies across the firm's buying locations worldwide.
Answer for screen readers
Level IV of the global sourcing philosophy focuses on the integration and coordination of sourcing strategies across the firm's buying locations worldwide.
More Information
Level IV represents a sophisticated stage of global sourcing where the organization achieves coordinated decision-making across various global locations. This maximizes efficiencies and reduces costs through a unified approach.
Tips
Avoid confusing Level IV with Level V, which signifies even further integration, potentially including partnerships or exclusive agreements.
Sources
- Global Sourcing: Levels and risks - scm.ncsu.edu
- International purchasing and global sourcing - Gale - go.gale.com
- Achieving Excellence in Global Sourcing - sloanreview.mit.edu
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