Scenario - Jenkins and Jones Corporation Michael Jenkins and Emma Jones started the Jenkins and Jones Corporation in 1976 in Kansas, USA. The initial goal of this company was to serve customers throughout the United States. Since the company's inception it has grown at an outstanding rate. It now serves online customers as well as customers in ten foreign nations. Jenkins and Jones is now looked at as the industry's benchmark company due to its superior supply chain management skills. Its practices and techniques are used by many other organizations in the industry to improve their own supply chain management skills. As the Jenkins and Jones Corporation continues to grow, it will face the need to make more and more strategic decisions. Which one of the following best describes the corporation if it decides to make purchase globally versus domestically?

Question

Scenario - Jenkins and Jones Corporation Michael Jenkins and Emma Jones started the Jenkins and Jones Corporation in 1976 in Kansas, USA.  The initial goal of this company was to serve customers throughout the United States.  Since the company's inception it has grown at an outstanding rate.  It now serves online customers as well as customers in ten foreign nations.  Jenkins and Jones is now looked at as the industry's benchmark company due to its superior supply chain management skills.  Its practices and techniques are used by many other organizations in the industry to improve their own supply chain management skills. As the Jenkins and Jones Corporation continues to grow, it will face the need to make more and more strategic decisions.  Which one of the following best describes the corporation if it decides to make purchase globally versus domestically?

Quizplus · Accepted Answer

The best choice for the corporation if it decides to make purchases globally versus domestically is global procurement. This means that the corporation is sourcing products from suppliers located in different countries to take advantage of lower costs or specialized production capabilities. Given that the company already serves customers in ten foreign nations, it makes sense for them to explore global procurement options to maintain their competitive edge in supply chain management.