Marketing transportation homework Essay Example | Topics and Well Written Essays - 500 words

Marketing transportation homework - Essay Example Q15. A global sourcing development model has the following components: planning (finding the global sourcing opportunities & challenges), specification (quantifying and qualifying current resources), evaluation (Whether the supplier is matching the selection criterion), relationship management (building mutually beneficial long term relationship in cross cultural dimensions), transportation and holding costs (tradeoff between them), implementation, and monitoring and improvement (if any). Establishing a sourcing strategy is one of the most difficult tasks for procurement function. Hidden costs associated with procurement change the expected benefits significantly. These hidden costs must be taken into account during sourcing - a. Ocean carriers and international airlines have direct relation with nation’s economy, because they affect the nation’s balance of payments. Countries with weak balance of payments may impose license or permit on goods