Identify major trade-offs associated with sourcing locally

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Select a component or finished good that you are familiar with that is sourced from a low-cost country. Develop a total cost value proposition to evaluate the potential of continued sourcing from low-cost country. For each of the cost components (material, manufacturing, transportation, packaging, inventory, handling, damage, risk, security), identify the major trade-offs associated with sourcing locally versus sourcing from a low-cost country. Based on your assessment of the current environment in your country, what is the direction for each of these cost components over the next five years, and what is the likely trend regarding low-cost-country sourcing?

Reference no: EM131198445

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