Strategic Action: Developing a Sourcing Plan
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.
Strategic Plan Table
Name
Institution
Course
Instructor
Date
Strategic Plan Table
Domestic Sourcing Plan
International Sourcing Plan
Suppliers
Working with local vendors has the advantage of ensuring shorter lead times. Consequently, companies can carry less inventory, reducing warehouse expenses regarding average volume and space occupied.
International sourcing saves on labor costs. However, varying quality principles, ineffective communication, supply chain, and logistical costs can outweigh the advantages.
Quality control
Checking quality is more straightforward when sourcing from the homegrown market. Standardizing quality through meetings or training is more accessible when dealing with large companies or small suppliers nationwide.
Quality control can be difficult due to inconsistent standards and language barriers across nations.
Supply Chain
The domestic supply