A comprehensive global sourcing strategy should include inventory management.

Question

Quizplus · Accepted Answer

Inventory management is an essential part of a comprehensive global sourcing strategy. Effective inventory management involves ensuring the right level of inventory is available at the right time, reducing the risk of stock-outs and excess inventory. This requires close coordination between supply chain partners, including suppliers, logistics providers, and distributors. As global sourcing typically involves longer lead times and greater uncertainty, effective inventory management is critical to ensuring smooth operations and minimizing costs.

A Comprehensive Global Sourcing Strategy Should Include Inventory Management